5912 Edgewater Drive, Toledo, OH 43611 (MLS# 10008309)

5912 Edgewater Drive, Toledo, OH 43611

$285,000

Virtual Tour

https://www.propertypanorama.com/instaview/toledo/10008309

Property Type: Residential Income Bedrooms: 7 Square Footage: 3,080 Lot Size (sq. ft.): 3,100 Status: Active

Current Price: $285,000 List Date: 5/28/2026 Last Modified: 5/28/2026

Overview

Description

Investor's dream! Fully occupied 4-unit apartment building with waterfront views located near area marinas, restaurants, and local attractions. This income-producing property offers immediate cash flow with additional upside potential, as current rents are still below market value — giving the next owner an excellent opportunity to increase revenue and maximize returns. Property improvements, rent rolls, and expense information are available and will be provided to pre-approved buyers upon request. Whether you're looking to expand your portfolio or secure a high-potential investment in a sought after waterfront community, this property checks all the boxes, and the possibilities are endless. Don't miss your chance to own this cash-flow opportunity with waterfront views—call me or your agent today for more information and get your offer in before it's too late!

Listing Details MLS# 10008309

Listing Information

Comp Sale YN: No
Property Sub Type: Apartment

Status Change Information

Status Change Timestamp: 2026-05-27
Delayed Marketing: No

Address

Street Number: 5912
Street Name: Edgewater
Street Suffix: Drive
County: Lucas
State: OH
Postal Code: 43611
Postal Code +4: 2400
Parcel Number: 02-08187

Contract

Named Exceptions YN: No
Original List Price: 285000
Listing Contract Date: 2026-05-27
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
List Price/SqFt: 92.53

Tax Legal

Subdivision Name: Bay Grove Place

Interior

Bedrooms Total: 7
Living Area: 3080
Basement YN: No
Basement SqFt: 0
Fireplaces Total: 0

More Information

Parking Information

Garage YN: No
Carport YN: No

Building

New Construction YN: No
Year Built: 1907
Stories Total: 2
Accessibility Features YN: No

Lot

Lot Size Acres: 0.07
Lot Size Square Feet: 3100
Lot Size Dimensions: 30X103
Pool Private YN: No
Waterfront YN: No
Water Body Access YN: No

Remarks

Public Remarks: Investor's dream! Fully occupied 4-unit apartment building with waterfront views located near area marinas, restaurants, and local attractions. This income-producing property offers immediate cash flow with additional upside potential, as current rents are still below market value — giving the next owner an excellent opportunity to increase revenue and maximize returns. Property improvements, rent rolls, and expense information are available and will be provided to pre-approved buyers upon request. Whether you're looking to expand your portfolio or secure a high-potential investment in a sought after waterfront community, this property checks all the boxes, and the possibilities are endless. Don't miss your chance to own this cash-flow opportunity with waterfront views—call me or your agent today for more information and get your offer in before it's too late!
Interior/Exterior - Video/Audio Equipment: No

Income and Expenses

Total Actual Rent: 3045
Water Expense: 225

Pet Information

Pets Allowed YN: Negotiable

Unit Details

Number Of Units Leased: 4

Unit One

Unit Type Beds Total: 2
Unit Type Number of Full Baths: Yes
SqFt per Unit: 704
Occupied YN: Yes
Unit Type Actual Rent: 825

Unit Two

Unit Type Beds Total: Yes
Unit Type Number of Full Baths: Yes
SqFt per Unit: 704
Occupied YN: Yes
Unit Type Actual Rent: 650

Unit Three

Unit Type Beds Total: 2
Unit Type Number of Full Baths: Yes
SqFt per Unit: 836
Occupied YN: Yes
Unit Type Actual Rent: 920

Unit Four

Unit Type Beds Total: 2
Unit Type Number of Full Baths: Yes
SqFt per Unit: 836
Occupied YN: Yes
Unit Type Actual Rent: 650

Showing Information

Showing Instructions: No showings until accepted offer to respect tenants' privacy.

Tax & Legal

School District: Toledo
Elementary/Primary School: Edgewater
Junior High School: None
Middle School: None
High School: Woodward
6 Months General Tax: 2544.43
6 Months Special Assessment Tax: 118.6
6 Months Total Tax: 2663.03
Tax Year: 2025
Homestead Exempt YN: No
Additional Parcels YN: Yes
Additional Parcels Description: Parcel # 0208184 (5908 Edgewater
Auction YN: No

Association/Community

Number Of Buildings: 1
Number Of Units Total: 4

Utilities

Electricity Connected: Yes
Internet Available: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Appliances

None: Yes

Construction Materials

Vinyl Siding: Yes

Cooling

None: Yes

Disclosures

Lead Based Paint Disclosure: Yes
Property Disclosure: Yes

Electric

200+ Amp Service: Yes

Flooring

Carpet: Yes
Hardwood: Yes
Laminate: Yes
Linoleum: Yes
Other: Yes

Foundation Details

Slab: Yes

Heating

Forced Air: Yes

Interior Features

Other: Yes

Laundry Features

Common Area: Yes
Inside: Yes
Main Level: Yes

Levels

Two: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Location of Property

Neighborhood: Yes

Lot Features

Corner Lot: Yes
Other: Yes

Parking Features

Off Street: Yes
Parking Lot: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Structure Type

Multi Family: Yes

Water Body Type

Lake: Yes
River: Yes

Water Body View

Yes: Yes

Water Source

Public: Yes

Lease Term Options

Month To Month: Yes
12 Months: Yes

Owner Pays

Gas: Yes
Insurance: Yes
Lawn Care: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
Internet: Yes

Showing Requirements

Other: Yes
See Remarks: Yes

Property Features

Utilities: Electricity Connected; Internet Available; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Internet Available; Natural Gas Connected; Sewer Connected; Water Connected Appliances: None Construction Materials: Vinyl Siding Cooling: None Disclosures: Lead Based Paint Disclosure; Property Disclosure Electric: 200+ Amp Service Flooring: Carpet; Hardwood; Laminate; Linoleum; Other Foundation Details: Slab Heating: Forced Air Interior Features: Other Laundry Features: Common Area; Inside; Main Level Lease Term Options: Month To Month; 12 Months Levels: Two Listing Terms: Cash; Conventional Location of Property: Neighborhood Lot Features: Corner Lot; Other Owner Pays: Gas; Insurance; Lawn Care; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Features: Off Street; Parking Lot Possession: Close Of Escrow; Subject To Tenant Rights Roof: Shingle Sewer: Public Sewer Structure Type: Multi Family Tenant Pays: Electricity; Gas; Internet Water Body Type: Lake; River Water Body View: Yes Water Source: Public Showing Requirements: Other; See Remarks

Listing Office: LPG Realty

Last Updated: May - 28 - 2026

Broker Attribution: 419-376-3717