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    1114 N Superior St Toledo, OH 43604

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    For Sale
    $485,000

    Eight-unit apartment building with updated units and high cap rate.

    Lot size:
    0.21 Acres

    Property Features for 1114 N Superior St

    General Information

    Lot size
    0.21 Acres
    Exterior features
    exterior_features, : ["Patio", "Porch", "Sewer Available", "Sewer Connected", "Water Available", "Cable Available", "Water Connected", "Electricity Available", "Natural Gas Available", "Electricity Connected", "Natural Gas Connected", "Shingles"]
    Interior features
    Interior Feature 1, : "Cable Ready", "Interior Feature 2": "Ceiling Fan(s)", "Interior Feature 3": "Boiler", "Interior Feature 4": "Gas Range", "Interior Feature 5": "Gas Range Connection", "Interior Feature 6": "Refrigerator"

    Building Details

    Year built
    1927

    Source: Key Realty LTD Agent Paula Francine Nowicki

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Leased Apartment Building

    This fully leased, eight-unit apartment building presents a lucrative investment opportunity with a 10.76% cap rate. Six of the units have been beautifully updated, featuring new flooring throughout, new ceiling fans in all rooms, new kitchen counters, cabinets, sinks, and fixtures, as well as new bath fixtures. Some units also include new shower units. The entire building has been freshly painted, including ceilings, walls, and trims. A new boiler was installed in 2024, and a new electric panel and sub panel are planned for 2025. Each unit is equipped with a breaker box. The property is ideally located close to the Toledo Pickle Ball Club, Toledo Spirits, and the future Riverfront Park along the Maumee River. Situated in a historic district, the area has been listed on the National Register of Historic Places since 1978. This property also offers a great opportunity to buy-in at the early stages of the new Gateway Vistula Project.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Law Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Wood
    State
    Ohio
    Longitude
    -83.5245158
    Latitude
    41.6589347

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit apartment building with updated units and high cap rate.
    Where is this apartment building located?
    The property is located at 1114 N Superior St Toledo, OH.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: - Fully leased with a **10.76% CAP-RATE**, offering immediate income.; - Opportunity to invest early in the **NEW Gateway Vistula Project**.; - Six of eight units are beautifully updated with new flooring, ceiling fans, kitchens, bath fixtures, and fresh paint.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1114 N Superior St Toledo, OH 43604
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