531 Broadway StToledo, OH 43604

For Sale
$259,900

4-Unit Value-Add Opportunity in Toledo

Overview

Added:
Dec 11, 2024
Days on market:
92
This 4-unit apartment building, located at 531 Broadway St in Toledo, Ohio, presents a compelling value-add investment opportunity. Built in 1912 and renovated in 2024, this Class C property boasts 6,420 square feet situated on a 0.344-acre lot (APN: 11-59609). The two-story building is currently 50% occupied and zoned for Neighborhood Commercial use. Each of the four units features three bedrooms, one bathroom, and two gated/covered parking spaces. Kitchen appliances include a range and refrigerator, with disposals in two units and individual hot water tanks. Heating is provided by a boiler/radiator system, while cooling is via window units. Washer/dryer hookups are available in the basement. The property's prime location on a main thoroughfare in Downtown Toledo offers easy access to restaurants, shops, entertainment venues, and major employers. Its proximity to the Anthony Wayne Trail (half a mile east) and the I-75 interchange (half a mile south) enhances its appeal and accessibility. This property is an excellent opportunity for investors seeking to capitalize on the revitalization of Downtown Toledo.

Highlights

  • Three-bedroom, one-bathroom units with two gated, covered parking spaces per unit.
  • Units include a range and refrigerator; disposal in select units; individual hot water tanks.
  • Heating via boiler/radiator system; window unit air conditioning.
  • Basement washer/dryer hookups.

Property Details for 531 Broadway St

Property type
Multifamily properties, Apartment buildings
Square Feet
6,420 SF
Class
C
Year Built/Renovated
1912/2024
Buildings
1
Stories
2
Lot Size (sq. ft)
14,985 SF
Units
4

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.638892847874
Longitude
-83.544907249294
531 Broadway St, Toledo, Ohio

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531 Broadway St
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