$1,200,000
SOLD OCT 31, 2024

2565 W Bancroft St Toledo, OH 43607

Ottawa Neighborhood
-- Bed
-- Bath
15,041 Sq Ft
2.65 Acres

Recently Sold

$80 Per Sq Ft

8% Below List Price

173 Days on Market

Highlights

  • 2.65 Acre Lot
  • Heating System Uses Steam
  • Private Entrance
  • Corner Lot

About This Home

As of October 2024

Jump on this opportunity! Money maker with a huge possibility for value added income, projected added income available, 2 buildings Consist of 1 & 2 bedrooms, and some efficiencies some have been renovated from 1 to 2 bedrooms and ready for current market rent, Conveniently located next to the University of Toledo, and ProMedica Toledo Hospital, Shopping, fine restaurants and parks.
Reach a Realtor for more information.

Last Agent to Sell the Property

Rabha Saie

Key Realty Brokerage Phone: (419) 376-6116 License #0000450490 Listed on: 05/07/2024

Key Realty

Last Buyer's Agent

Yahya Bdeiri

Serenity Realty LLC License #2022003577

Serenity Realty LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 2.65 Acre Lot
  • Private Entrance
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 15,041 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Kitchen

  • Oven
  • Range

Parking

  • 1 Parking Space
  • Carport
  • Driveway
  • Parking Lot

Schools

  • Old Orchard Elementary School
  • Start High School

Utilities

  • Heating System Uses Steam
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for common area maintenance, electricity, grounds care, management, snow removal
  • Assessor Parcel Number 11-65346

Community Details

Overview

  • 2 Buildings
  • 23 Units

Building Details

  • 18 Leased Units
  • Operating Expense $82,852
  • Net Operating Income $121,208

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1964
  • Lot Size Acres: 2.6483
  • Lot Size: 115,358
  • Inclusions: ,,
  • Subdivision Name: Other
  • Carport Y N: Yes
  • Unit Levels: Two
  • Structure Type: Apartment
  • Property Sub Type Additional: Multi Family
  • Attribution Contact: (419) 376-6116
  • Special Features: VirtualTour

Interior Features

  • Stories: 2
  • Number Of Buildings: 2
  • Owner Pays: Common Area Maintenance, Electricity, Grounds Care, Management, Snow Removal
  • Has Basement: Crawl Space
  • Living Area: 15041.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Shingle
  • Lot Features: Corner Lot, Other
  • Disclosures: Lead Based Paint Disclosure, Sellers Disclosure Not Available
  • Construction Type: Brick
  • Exterior Features: Private Entrance
  • Foundation Details: Crawlspace, Slab

Garage/Parking

  • Parking Features: Asphalt, Carport, Driveway, Other, Parking Lot
  • Total Parking Spaces: 1.0

Utilities

  • Heating: Electric, Hot Water, Other
  • Sewer: Sanitary
  • Appliances: Electric Water Heater, Oven, Range, Refrigerator
  • Cooling: Other
  • Heating Yn: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Toledo

Lot Info

  • Parcel #: 11-65346
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other
  • Tenant Pays: Electricity

Multi Family

  • Net Operating Income: 121208.0
  • Number Of Units Total: 23
  • Number Of Units Leased: 18
  • Annual Operating Expense: 82852.0
  • Total Actual Rent: 14105.0

MLS Schools

  • Elementary School: Old Orchard
  • HighSchool: Start

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $1,200,000 -7.7% $80 / Sq Ft
05/10/2024 05/10/24 For Sale $1,300,000 -- $86 / Sq Ft
Source: Northwest Ohio Real Estate Information Service (NORIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rabha Saie

    Seller's Agent in 2024

    Rabha Saie

    Key Realty

    (419) 376-6116

    7 in this area

    167 Total Sales

    Rabha Saie
    Section Image
  • Yahya Bdeiri

    Buyer's Agent in 2024

    Yahya Bdeiri

    Serenity Realty LLC

    (419) 250-7890

    3 in this area

    63 Total Sales

    Yahya Bdeiri
    Section Image
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Map

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 6115105

Northwest Ohio Real Estate Information Service (NORIS)
Ohio Lucas County Toledo 43606 Ottawa

2565 W Bancroft St, Toledo, OH

This home is located at 2565 W Bancroft St, Toledo, OH 43607 and is currently priced at $1,200,000, approximately $79 per square foot. This property was built in 1964. 2565 W Bancroft St is a home located in Lucas County with nearby schools including Old Orchard Elementary School, Start High School, and Central Academy Of Ohio.

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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