NOT LISTED FOR SALE

1026 Wamba Ave Toledo, OH 43607

Scott Park Neighborhood
-- Bed
-- Bath
48,240 Sq Ft
2.22 Acres

Last Sold October 14, 2022

Last sale price $3,000,000 $62 Per Sq Ft

253 Days on Market

Highlights

  • Built in 2003 | Newly Remodeled
  • Forced Air Heating and Cooling System
  • Carpet
  • 2.22 Acre Lot

About This Home

As of October 2022

ALSO KNOWN AS 1035 N WESTWOOD AVE. 42 Unit student housing adjacent to University of Toledo Campus. All are 3 bedroom units, 960 sq ft. per unit. 4 units are fully furnished and rented via Air BNB or short term tenants.

Last Agent to Sell the Property

Mike Welch

RE/MAX Preferred Associates License #0000349420 Listed on: 01/31/2022

RE/MAX Preferred Associates

Last Buyer's Agent

Mike Welch

RE/MAX Preferred Associates License #0000349420 Listed on: 01/31/2022

RE/MAX Preferred Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $78,136

Year Built

  • Built in 2003 | Newly Remodeled

Lot Details

  • 2.22 Acre Lot
  • Lot Dimensions are 262 x 313

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 48,240 Sq Ft Home
  • 3-Story Property
  • Window Screens
  • Carpet
  • Crawl Space

Kitchen

  • Microwave
  • Dishwasher

Parking

  • 126 Parking Spaces
  • Driveway
  • Parking Lot

Schools

  • Start High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for electricity, insurance, lawn care, sewer, taxes, trash collection, water
  • Tax Lot 15-20 41-45
  • Assessor Parcel Number 20-97827
  • $924 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 43 Units

Building Details

  • Operating Expense $204,000
  • Net Operating Income $212,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$78,136

Year Built

Built in 2003 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 2003
  • Lot Size Acres: 2.22
  • Lot Size: 262 x 313
  • Carport Y N: No
  • New Construction: Yes
  • Status Change Information: Status Change Timestamp: 2022-10-14
  • Special Features: 4098

Interior Features

  • Flooring: Carpet
  • Number Of Buildings: 2
  • Owner Pays: Electricity, Insurance, Lawn Care, Sewer, Taxes, Trash Collection, Water
  • Door Features: Door Screen(s)
  • Stories: 3

Exterior Features

  • Roof: Shingle
  • Construction Type: Brick
  • Foundation Details: Crawl Space

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Parking Lot, Driveway
  • Total Parking Spaces: 126.0

Utilities

  • Heating: Electric, Forced Air
  • Utilities: Cable Connected
  • Sewer: Sanitary Sewer
  • Appliances: Dishwasher, Microwave, Water Heater, Electric Range Connection, Refrigerator
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Water Source: Public

Schools

  • Junior High Dist: Toledo

Lot Info

  • Lot Size Sq Ft: 96703.0
  • Parcel #: 20-97827
  • Zoning: Commercial

Rental Info

  • Lease Term: ["Month To Month","9 Months"]
  • Tenant Pays: Electricity

Multi Family

  • Net Operating Income: 212000.0
  • Number Of Units Total: 43
  • Annual Operating Expense: 204000.0

Tax Info

  • Tax Lot: 15-20 41-45

MLS Schools

  • Elementary School: Other
  • HighSchool: Start

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2022 10/14/22 Sold $3,000,000 -5.5% $62 / Sq Ft
10/11/2022 10/11/22 Pending -- -- --
04/25/2022 04/25/22 Pending -- -- --
04/25/2022 04/25/22 For Sale $3,175,000 0.0% $66 / Sq Ft
01/31/2022 01/31/22 For Sale $3,175,000 -- $66 / Sq Ft
Source: Northwest Ohio Real Estate Information Service (NORIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike Welch

    Seller's Agent in 2022

    Mike Welch

    RE/MAX

    (419) 720-5631

    1 in this area

    125 Total Sales

    Mike Welch
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Map

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 6082381

Northwest Ohio Real Estate Information Service (NORIS)
Ohio Lucas County Toledo 43607 Scott Park

1026 Wamba Ave, Toledo, OH

Not Listed for Sale

MultiFamily

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