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    5366 Glenridge Dr Toledo, OH 43614

    For Sale
    $1,250,000

    Eleven-unit apartment building with steady rental income in Toledo, OH.

    Lot size:
    0.60 Acres

    Property Features for 5366 Glenridge Dr

    General Information

    Interior features
    Interior Feature 1, : "Electric", "Interior Feature 2": "Radiant", "Interior Feature 3": "Wall Unit(s)", "Interior Feature 4": "Water Heater", "Interior Feature 5": "Electric Range Connection", "Interior Feature 6": "Refrigerator"
    Exterior features
    exterior_features, : ["Flat", "Shingles"]
    Lot size
    0.60 Acres

    Building Details

    Year built
    1974

    Source: Key Realty LTD Agent Marcus Hammer

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

    Overview

    Eleven-Unit Apartment Building For Sale

    This eleven-unit apartment building features ten one-bedroom units and one two-bedroom, two-bathroom unit. Two of the one-bedroom units and the two-bedroom unit have private entries. The property has been meticulously maintained. The west wing rubber roof and shingles have been completely replaced. Six of the one-bedroom units have been fully renovated. The building is fully occupied, generating over $8,700 in rental income. Two sets of coin laundry provide an additional $700-$800 per month. The building is all electric and has many long-term tenants.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Wood
    State
    Ohio
    Longitude
    -83.6690377
    Latitude
    41.5959223

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    FAQs

    What type of property is this?
    Apartment building - Eleven-unit apartment building with steady rental income in Toledo, OH.
    Where is this apartment building located?
    The property is located at 5366 Glenridge Dr Toledo, OH.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Fully occupied 11-unit apartment building generating over $8,700 in rental income plus $700-$800/month from coin laundry.; - Attractive mix of unit types: 10 one-bedroom units and 1 large two-bedroom, two-bath unit.; - Six one-bedroom units have been completely renovated.
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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
    5366 Glenridge Dr Toledo, OH 43614
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