NOT LISTED FOR SALE

2841 Terrace Downs St Toledo, OH 43614

Beverly Neighborhood
-- Bed
-- Bath
1,936 Sq Ft
12,197 Sq Ft Lot

Sale Details

Date Sold: November 11, 2022

Last sale price $170,000 $88 Per Sq Ft

1 Day on Market

Highlights

  • Built in 1953 | Newly Remodeled
  • Forced Air Heating System
  • Carpet
  • Window Unit Cooling System

About This Home

As of November 2022

Investment opportunity in South Toledo! Each unit rents for $500 - $550 currently but rents could be increased to reflect market value. 3/4 units have new furnaces, updated kitchens, and freshly painted within the last 3 years. All units currently rented with tenants in term leases who have passed credit and background checks. Property backs up to Pickford Park and is in a central location to downtown Toledo / Rossford / Maumee. Mutli-Family investment properties don't come up often - get in this one while you can!

Last Agent to Sell the Property

Beth Aston

Pamela Rose Auction Company License #2015002008 Listed on: 09/22/2022

Last Buyer's Agent

Dave Poeppelmeier

Keller Williams Citywide License #2020001438

Keller Williams Citywide

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,968

Year Built

  • Built in 1953 | Newly Remodeled

Lot Details

  • 12,258 Sq Ft Lot
  • Lot Dimensions are 140 x 67

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,936 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Crawl Space

Parking

  • Driveway
  • Parking Lot

Schools

  • Beverly Elementary School
  • Bowsher High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $2,150
  • Tenant pays for electricity, gas
  • The owner pays for sewer, snow removal, taxes, water
  • Assessor Parcel Number 18-75011
  • $8 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Net Operating Income $25,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,968

Year Built

Built in 1953 | Newly Remodeled

Lot Details

0.28 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1953
  • Lot Size Acres: 0.28
  • Lot Size: 140 x 67
  • Carport Y N: No
  • New Construction: Yes
  • Status Change Information: Status Change Timestamp: 2022-11-11
  • Special Features: 4098

Interior Features

  • Flooring: Carpet
  • Number Of Buildings: 1
  • Owner Pays: Sewer, Snow Removal, Taxes, Water
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Disclosures: Lead Based Paint Disclosure, Property Disclosure
  • Construction Type: Brick
  • Foundation Details: Crawl Space

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot, Other, Driveway

Utilities

  • Heating: Forced Air, Natural Gas
  • Utilities: Cable Connected
  • Sewer: Sanitary Sewer
  • Appliances: Water Heater, Refrigerator
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Water Source: Public

Schools

  • Junior High Dist: Toledo

Lot Info

  • Lot Size Sq Ft: 12258.0
  • Parcel #: 18-75011

Rental Info

  • Lease Term: ["12 Months"]
  • Tenant Pays: Electricity, Gas

Multi Family

  • Net Operating Income: 25800.0
  • Number Of Units Total: 4
  • Number Of Units Leased: 4
  • Total Actual Rent: 2150.0

MLS Schools

  • Elementary School: Beverly
  • HighSchool: Bowsher
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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
11/11/2022 11/11/22 Sold $170,000 +0.1% $88 / Sq Ft
09/27/2022 09/27/22 Pending -- -- --
09/26/2022 09/26/22 For Sale $169,900 -- $88 / Sq Ft
Source: Northwest Ohio Real Estate Information Service (NORIS)

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
2025 -- $190,365 $18,690 $171,675
2024 $7,958 $190,365 $18,690 $171,675
2023 $11,581 $126,210 $11,340 $114,870
2022 $11,445 $126,210 $11,340 $114,870
2021 $11,808 $126,210 $11,340 $114,870
2020 $10,751 $110,250 $27,930 $82,320
2019 $10,589 $110,250 $27,930 $82,320
2018 $10,299 $110,250 $27,930 $82,320
2017 $10,207 $105,000 $26,355 $78,645
2016 $10,131 $300,000 $75,300 $224,700
2015 $10,039 $300,000 $75,300 $224,700
2014 $9,335 $105,010 $26,360 $78,650
2013 $9,335 $105,010 $26,360 $78,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Ohio Real Estate Information Service (NORIS)

MLS Number: 6093554

Northwest Ohio Real Estate Information Service (NORIS)

APN: 18-75017

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