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  • Overview

  • Lifestyle

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  • Schools

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Buy a multi-family property in Toledo, OH

at 5881 Ryewyck Drive Toledo, OH 43614

$349,900

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Multifamily

5228 Sq. Ft.

109 Days on market

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This Toledo, OH multi-family property description

This multifamily property offers multiple money-generating strategies: ? Pro forma cap rate 7.79% ? Cash on cash return 12.7% ? 5 year annual ROI 67.9% per year ? MODIFIED LEASE OPTION! ? POF or VOD required with offer, EMD required for showing ? Stable property ? No repairs needed ? Fully occupied ? Perfect small apartment starter ? Room for rent increases
This multifamily property offers multiple money-generating strategies: ? Pro forma cap rate 7.79% ? Cash on cash return 12.7% ? 5 year annual ROI 67.9% per year ? MODIFIED LEASE OPTION! ? POF or VOD required with offer, EMD required for showing ? Stable property ? No repairs needed ? Fully occupied ? Perfect small apartment starter ? Room for rent increases

Southwyck Neighborhood Profile

The neighborhood of Southwyck can be found in the city of Toledo, Ohio, which is situated in the Toledo metropolitan area.

Transportation

The preferred method to get around in this part of the city is usually a car. Nearby highways, such as Ohio Turnpike, are easy to access from any home in this area, and it is very convenient to park. Walking is not especially feasible for house buyers in Southwyck as few daily errands can be run without needing to use a car.

Services

It is a reasonably short walk to access primary schools from most houses for sale in this part of the city. On the other hand, high schools are not especially plentiful and therefore not always within walking distance. Apart from public schools, there are private elementary and secondary schools. When it comes to food, it is convenient to get to the nearest grocery store by walking from most properties for sale in Southwyck. A limited variety of restaurants and cafes is available as well.

Character

Home buyers who prefer a slower-paced environment will enjoy Southwyck. This area is quiet overall, as the streets are reasonably tranquil - however noise can be bothersome near the railway line. Lastly, there are a few public green spaces nearby for residents to check out and they are very well-situated, which results in them being easy to get to from the majority of locations within Southwyck.

Housing

Roughly two thirds of the units in the neighborhood are occupied by renters while the rest are occupied by owners. Around one third of dwellings are large apartment buildings, making it easy to find apartments in this area, while small apartment buildings and single detached homes are the main alternatives in the housing stock. The majority of the homes in this part of the city were built in the 1960s and 1970s, while many of the remaining buildings were constructed pre-1960 and in the 1980s. This neighborhood has a good variety of unit sizes, ranging from lofts to four or more bedrooms.

Lifestyle

Seller fees and commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$328,906

+$10,497

$339,403

Seller agent commission$10,497 (3%)*

$0 (0%)

Buyer agent commission$10,497 (3%)*

$10,497 (3%)*

*Commissions are based on national averages and not intended to represent actual comissions of this property

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Schools

This home is within the Maumee City School District.

Holland & Toledo & Maumee enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

N/A

Sara's Garden

N/A

Imagine Schools

N/A

Fairfield Elementary School

4/5

Wayne Trail Elementary School

3/5

Maumee High School

4/5

Gateway Middle School

Unreal Estate checked: Oct. 6, 2022 at 5:16 p.m.

Data updated: Aug. 19, 2022 at 3:30 p.m.

Listing modified: Jun. 20, 2022 at 8:01 p.m.

Courtesy of Glen Whitten, Ohio Property Group, LLC.
This data is updated eight times daily. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than 222 W Merchandise Mart Plaza #1212, Chicago, IL 60654 are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. 222 W Merchandise Mart Plaza #1212, Chicago, IL 60654 does not display the entire NORIS database on this website. The listings of some real estate brokerage firms have been excluded.
Listing Information © 2022 NORIS. All Rights Reserved.

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California office: 2377 Gold Meadow Way, #135, Gold River, CA 95670

Michigan office: 139 W Baraga Avenue, Marquette, MI 49855

Nevada office: 9890 South Maryland Pkwy, Suite #200-A, Las Vegas, NV 89183

New Jersey office: 991 Hwy 22, Ste. 200, Bridgewater, NJ 08807

Ohio office: 5533 Southwyck Boulevard, Suite 101, Toledo, OH 43614

Washington office: 15 N. Naches Ave, Office #14, Yakima, WA 98901

 

Disclosures:

 

Texas Real Estate Commission Information About Brokerage Services

Texas Real Estate Commission Consumer Protection Notice

New York State Fair Housing Regulations Notice

New York State required Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H

 

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