NOT LISTED FOR SALE

1125 W Sylvania Ave Toledo, OH 43612

Five Points Neighborhood

Estimated Value: $591,429

-- Bed
-- Bath
13,792 Sq Ft
$43/Sq Ft Est. Value

Last Sold October 01, 2024

Last sale price $585,000 $42 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,194/month

136 Days on Market

Highlights

  • Corner Lot
  • 13 Car Detached Garage
  • Hot Water Heating System

About This Home

As of October 2024

Cash-flowing property w/ ZERO real estate TAXES. This mix-use investment property offers a unique opportunity with 3 commercial units and 9 residential units. Take advantage of the CRA tax abatement granted to this property and let the absence of real estate taxes significantly boost your net income, enhancing the property's overall return on investment. Conveniently located next to all major highways, ProMedica Toledo Hospital, Jeep Assembly Plant, Dana Toledo, Driveline and much more. 3-car & 2-car garage w/ additional lot provide for ample amount of parking. Two parcels included in sale.

Last Agent to Sell the Property

Arman Singh

Howard Hanna Brokerage Phone: (567) 277-2402 License #2021008393 Listed on: 05/17/2024

Howard Hanna

Last Buyer's Agent

Arman Singh

Howard Hanna Brokerage Phone: (567) 277-2402 License #2021008393 Listed on: 05/17/2024

Howard Hanna

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $701

Year Built

  • Built in 1927

Lot Details

  • 8,324 Sq Ft Lot
  • Corner Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 13,792 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Parking

  • 13 Car Detached Garage
  • Shared Driveway
  • Parking Lot

Schools

  • Whittier Elementary School
  • Start High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for gas, water
  • Assessor Parcel Number 04-09761

Community Details

Overview

  • 2 Buildings
  • 12 Units
  • Weissenberger Add Subdivision

Building Details

  • Operating Expense $17,400
  • Net Operating Income $64,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$701

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1927
  • Lot Size Acres: 0.1911
  • Lot Size: 8,323
  • Inclusions: ,,
  • Subdivision Name: Weissenberger Add
  • Garage Yn: Yes
  • Structure Type: Apartment
  • Property Sub Type Additional: Multi Family
  • Attribution Contact: (567) 277-2402
  • Special Features: None

Interior Features

  • Stories: 3
  • Number Of Buildings: 2
  • Owner Pays: Gas, Water
  • Has Basement: Full
  • Basement YN: Yes
  • Interior Amenities: None
  • Living Area: 13792.0
  • Stories: 3

Exterior Features

  • Roof: Flat
  • Lot Features: Corner Lot
  • Disclosures: Disclosure on File, Lead Based Paint Disclosure
  • Construction Type: Brick
  • Foundation Details: Basement

Garage/Parking

  • Parking Features: Detached, Garage, Parking Lot, Shared Driveway
  • Total Parking Spaces: 13.0

Utilities

  • Heating: Hot Water, Natural Gas
  • Sewer: Sanitary
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Cooling: None
  • Cooling Y N: No
  • Heating Yn: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Toledo

Lot Info

  • Parcel #: 04-09761
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Month To Month
  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Net Operating Income: 64200.0
  • Number Of Units Total: 12
  • Annual Operating Expense: 17400.0
  • Total Actual Rent: 8200.0

MLS Schools

  • Elementary School: Whittier
  • HighSchool: Start

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Sep 30, 2024
Sold by
G & W Toledo Holdings Llc
Bought by
Mcm Development Holdings Llc
Seller's Agent
Arman Singh
Howard Hanna
Buyer's Agent
Arman Singh
Howard Hanna
List Price
$599,900
Sold Price
$585,000
Premium/Discount to List
-$14,900
-2.48%
Views
19
Current Estimated Value
$591,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,429
Original Mortgage
$438,750
Outstanding Balance
$434,138
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 2, 2018
Sold by
City Of Toledo
Bought by
G And W Toledo Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.04%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 1, 2014
Sold by
J W Rogers Properties I Llc
Bought by
The City Of Toledo

Purchase Details

Closed on
Jun 4, 2004
Sold by
Rogers Joseph W and Rogers Diane S
Bought by
J W Rogers Properties 1 Llc

Purchase Details

Closed on
Mar 18, 2004
Sold by
Westfall David and Westfall Brenna K
Bought by
Rogers Joseph W and Rogers Diane S

Purchase Details

Closed on
Sep 29, 2000
Sold by
Rogers Joseph W and Rogers Diane S
Bought by
Westfall David and Westfall Brenna K

Purchase Details

Closed on
Jul 20, 1988
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mcm Development Holdings Llc $585,000 None Listed On Document
G And W Toledo Holdings Llc -- None Available
The City Of Toledo -- None Available
J W Rogers Properties 1 Llc -- --
Rogers Joseph W -- --
Westfall David $195,000 --
-- $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcm Development Holdings Llc $438,750
Previous Owner G And W Toledo Holdings Llc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2024 10/01/24 Sold $585,000 -2.5% $42 / Sq Ft
05/17/2024 05/17/24 For Sale $599,900 -- $43 / Sq Ft
Source: Northwest Ohio Real Estate Information Service (NORIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $701 $10,465 $1,960 $8,505
2023 $1,327 $10,360 $1,855 $8,505
2022 $2,511 $23,660 $1,855 $21,805
2021 $2,562 $23,660 $1,855 $21,805
2020 $1,358 $9,800 $1,750 $8,050
2019 $1,327 $9,800 $1,750 $8,050
2018 $2,921 $9,800 $1,750 $8,050
2017 $10,212 $52,605 $9,485 $43,120
2016 $15,480 $150,300 $27,100 $123,200
2015 $5,451 $150,300 $27,100 $123,200
2014 $4,677 $52,610 $9,490 $43,120
2013 $4,677 $52,610 $9,490 $43,120
Source: Public Records

Agents Affiliated with this Home

  • Arman Singh

    Seller's Agent in 2024

    Arman Singh

    Howard Hanna

    (567) 277-2402

    3 in this area

    102 Total Sales

    Arman Singh
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Map

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 6115316

Northwest Ohio Real Estate Information Service (NORIS)

APN: 04-09761

Ohio Lucas County Toledo 43612 Five Points

1125 W Sylvania Ave, Toledo, OH

This home is located at 1125 W Sylvania Ave, Toledo, OH 43612 since 17 May 2024 and is currently priced at $591,429, approximately $42 per square foot. This property was built in 1927. 1125 W Sylvania Ave is a home located in Lucas County with nearby schools including Whittier Elementary School and Start High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Ohio Real Estate Information Service (NORIS) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. ©2025 NORIS. All rights reserved.

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