601 Main St Toledo, OH 43605
- Apartment buildings
- 13,024 SF
- 0.08 lot acres
Current Use by Public Records
- River East Gallery / Art Gallery
Property Details for 601 Main St
- Year built
- 1907
- Lot size
- 0.08 lot acres
- Property size
- 13,024 SF
- Zone code
- 10-CS
- Property type
- Apartment buildings
- APN
- 06-03151
- APU
- 603151
Description
This exceptional mixed-use property at 601 Main Street, Unit 601, Toledo, OH, presents a lucrative investment opportunity. Spanning 0.08 acres, this building boasts twelve units: two commercial spaces, one studio apartment, seven one-bedroom apartments, and two two-bedroom apartments. The property has undergone extensive renovations exceeding $130,000, encompassing complete unit rehabilitations, fresh interior paint, and a brand-new roof installed in 2024 at a cost of over $50,000. Further improvements include new concrete work in the back alley. The commercial spaces are currently occupied by long-term tenants, ensuring immediate income generation. Significant rental increase potential exists, given the current market conditions. The property benefits from its prime location, just blocks from the riverfront and within an area experiencing substantial city-led revitalization. Professionally managed by a local company, this turnkey investment offers immediate cash flow and strong long-term growth prospects. The asking price is $529,000. This is a rare chance to acquire a well-maintained, high-return property in a rapidly developing area of Toledo.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.519
- Latitude
- 41.6448
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
