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$260,000   Price Analysis
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3945 Torrance Dr
Toledo, OH 43612
7 bed 5 bath 2,968 SqFt ($87/SqFt)
5,911SqFt lot. Built 1942
Listed 2024-05-30, Taxes $3,375
Ⓧ USDA Ineligible
due to location

near Toledo

Discover a fantastic investment opportunity with this well-maintained 5-unit apartment building

* Has Contingent Offer *

Loca ted in a desirable neighborhood. Th property boasts a classic brick exterior, combining timeless charm with durability. The apartments have plenty of character throughout. With three occupied one-bedroom units and two big two-bedroom units you will have plenty of revenue to fuel your investment.

Property also features extra storage and laundry in the basement and a cement driveway and parking lot. Don't miss out on this unique opportunity to own a versatile property in a prime location!


Presented by Eric Puffenberger at
W & R Property Management.
Listing Agent Photo

Property MLS #6115830 from NWOhio

Bedrooms: 7

Total Bathrooms: 5
Full Bathrooms: 5

GasWaterHeater
Oven
Range
Refrigerator

Heating Features: ForcedAir, NaturalGas
Heating: Yes

Basement Description: Full

Lot Description: RectangularLot
Lot Size Acres: 0.1357
Lot Size Dimensions: 5, 912
Lot Size Square Feet: 5911

Garage Spaces: 6
Other Parking: Parking Lot
Parking Features: Concrete, Driveway, ParkingLot
Parking Total: 6

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 5
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Unit 2 Total Actual Rent: 600
Unit 3 Total Actual Rent: 550
Unit 4 Total Actual Rent: 750
Unit 5 Total Actual Rent: 495

Elementary School: Longfellow
Elementary School District: Toledo
High School: Start
High School District: Toledo
Middle or Junior School District: Toledo

Start High School is a public high school located approximately 0.8 miles away.
directions icon Map directions

Longfellow Elementary School is a public elementary and middle school located approximately 0.9 miles away.
directions icon Map directions

Blessed Sacrament Elementary School is a private elementary and middle school located approximately 0.8 miles away.
directions icon Map directions

Lease Term: Item12Months
Number of Units Leased: 4
Tenant Pays: CableTV, Electricity

Source Listing Status: ActiveUnderContract
County: LUCAS
Directions: Off Sylvania east of Jackman, between Sylvania and Berdan
Source Property Type: ResidentialIncome
Inclusions: ,
Owner Pays: CommonAreaMaintenance, Electricity, Gas, Insurance, Sewer, Taxes, Water
Parcel Number: 06-01684
Postal City: Toledo
Property Subtype: MultiFamily
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$33,460 + $2,030
$35,490
$3,375
2021$33,460 + $2,030
$35,490
$3,469
2019$32,270 + $1,890
$34,160
$3,440
2018$32,270 + $1,890
$34,160
$3,442
2017$31,640 + $3,360
$35,000
$3,558
2016$31,640 + $3,360
$35,000
$3,558
2015$31,640 + $3,360
$35,000
$3,532
2014$40,390 + $3,360
$43,750
$4,318
2013$40,390 + $3,360
$43,750
$4,054
2012$40,390 + $3,360
$43,750
$3,922
2011$40,390 + $3,360
$43,750
$3,641
2010$40,390 + $3,360
$43,750
$3,603
2009$44,560 + $3,750
$48,310
$4,013
2008$44,560 + $3,750
$48,310
$3,881
2007$44,560 + $3,750
$48,310
$3,779
2006$44,560 + $3,750
$48,310
$3,705

Listed 2024-05-30
$260,000
NWOhio
Sold 2022-11-28
$162,800
NWOhio
Listed 2022-07-29
$180,000
NWOhio
Sold 2018-04-23
$100,000
Public Record
Listing removed 2018-04-17
$109,900
NWOhio
Price Changed 2018-01-17
$109,900
NWOhio
Price Changed 2016-06-06
$114,900
NWOhio
Price Changed 2016-04-02
$119,900
NWOhio
Price Changed 2016-03-07
$122,900
NWOhio
Listed 2015-10-19
$129,900
NWOhio
Sold 2004-11-10
$175,000
Public Record

Total Square Feet Living: 2968
Year Built: 1942
Construction Materials: Brick
Foundation Details: Basement
Levels: Two
Living Area Source: PublicRecords
Property Age: 82
Roof: Shingle
Levels or Stories: 2
Building Total Stories: 2
Structure Type: Apartment

Electric: CircuitBreakers
Sewer: Sanitary
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.