527 S Detroit Avenue, Toledo, OH 43609 (MLS# 6124852)

527 S Detroit Avenue, Toledo, OH 43609

$145,000

Virtual Tour

https://www.propertypanorama.com/instaview/toledo/6124852

Property Type: Residential Income Square Footage: 2,176 Lot Size (sq. ft.): 6,800 Status: Closed

Current Price: $145,000 List Date: 1/10/2025 Last Modified: 10/14/2025

Overview

Description

All the work has been done for you on this 3 unit building! Numerous updates inside and outside: new furnace/water tanks, electrical panels and wiring, fully remodeled units, and improvements to the structure: see attachment for all updates. Rent for all 3 units are at market rent. Off street parking for each unit. Buy this and start cash flowing.

Listing Details MLS# 6124852

Listing Information

Property Sub Type: Apartment

Status Change Information

Status Change Timestamp: 2025-02-07
Purchase Contract Date: 2025-01-15
Close Date: 2025-02-07
Close Price: 145000
Buyer Financing: Cash

Address

Street Number: 527
Street Direction Prefix: S
Street Name: Detroit
Street Suffix: Avenue
County: Lucas
State: OH
Postal Code: 43609
Postal Code +4: 1931
Directions: E on Airport, S on Detroit
Parcel Number: 10-02991

Contract

Named Exceptions YN: No
Original List Price: 149900
Listing Contract Date: 2025-01-10
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
List Price/SqFt: 66.64
Sold Price/SqFt: 66.64

Tax Legal

Subdivision Name: Mckenna Addn.

Interior

Living Area: 2176
Basement YN: Yes
Basement SqFt: 0

More Information

Parking Information

Carport YN: No
Parking Total: 0

Building

Year Built: 1917
Stories Total: 2
Home Warranty YN: Yes

Lot

Lot Size Acres: 0.1561
Lot Size Square Feet: 6800
Lot Size Dimensions: 6,800

Remarks

Public Historical Remarks: Owner Expense: Heat, Tenant Expense: Heat,, Lease Information: Leased, Equipment: Range Oven, Occupied By: TENANT
Public Remarks: All the work has been done for you on this 3 unit building! Numerous updates inside and outside: new furnace/water tanks, electrical panels and wiring, fully remodeled units, and improvements to the structure: see attachment for all updates. Rent for all 3 units are at market rent. Off street parking for each unit. Buy this and start cash flowing.

Income and Expenses

Total Actual Rent: 2050
Net Operating Income: 0

Unit Details

Number Of Units Leased: 3

Unit One

Unit Type Description: 527 Upper
Unit Type Beds Total: 2
Unit Type Number of Full Baths: Yes
Appliances Included: Yes
Unit Type Actual Rent: 850
Number of Identical Units Leased: Yes

Unit Two

Unit Type Description: 527 Lower
Unit Type Beds Total: Yes
Unit Type Number of Full Baths: Yes
Appliances Included: Yes
Unit Type Actual Rent: 550
Number of Identical Units Leased: Yes

Unit Three

Unit Type Description: 529
Unit Type Beds Total: Yes
Unit Type Number of Full Baths: Yes
Appliances Included: Yes
Unit Type Actual Rent: 650
Number of Identical Units Leased: Yes

Showing Information

Showing Instructions: Showings after accepted offer.

Tax & Legal

School District: Toledo
Elementary/Primary School: Harvard
High School: Bowsher
6 Months General Tax: 971
6 Months Special Assessment Tax: 83
6 Months Total Tax: 1054
Auction YN: No

Association/Community

Number Of Buildings: 1
Number Of Units Total: 3

Appliances

Refrigerator: Yes
Water Heater: Yes

Basement

Full: Yes

Construction Materials

Concrete: Yes
Wood Siding: Yes

Cooling

None: Yes

Disclosures

Lead Based Paint Disclosure: Yes
Property Disclosure: Yes

Electric

Circuit Breakers: Yes

Exterior Features

Private Entrance: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Assigned: Yes
Concrete: Yes
Driveway: Yes

Possession

Close Of Escrow: Yes

Roof

Flat: Yes

Sewer

Sanitary Sewer: Yes

Water Heater

Electric: Yes

Water Source

Public: Yes

Lease Term Options

12 Months: Yes

Owner Pays

Exterior Maintenance: Yes
Gas: Yes
Insurance: Yes
Lawn Care: Yes
Repairs: Yes
Snow Removal: Yes
Taxes: Yes

Tenant Pays

Gas: Yes

Property Features

Appliances: Refrigerator; Water Heater Basement: Full Construction Materials: Concrete; Wood Siding Cooling: None Disclosures: Lead Based Paint Disclosure; Property Disclosure Electric: Circuit Breakers Exterior Features: Private Entrance Heating: Forced Air; Natural Gas Lease Term Options: 12 Months Listing Terms: Cash; Conventional Owner Pays: Exterior Maintenance; Gas; Insurance; Lawn Care; Repairs; Snow Removal; Taxes Parking Features: Assigned; Concrete; Driveway Possession: Close Of Escrow Roof: Flat Sewer: Sanitary Sewer Tenant Pays: Gas Water Heater: Electric Water Source: Public

Listing Office: Keller Williams Citywide

Last Updated: October - 14 - 2025

Broker Attribution: 419-392-1792