1926 N Holland Sylvania Rd, Toledo, OH 43615

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Building Details:

1926 N Holland Sylvania Rd is located in Toledo, OH.

This 50 unit Apartment Community is well located in the Toledo area approximately 10 miles west of downtown. Property is currently under management of qualified receivership company and features tremendous upside potential. 48 units are 2 BR with spacious living and dining areas, 2 units are 1 BRs including manager's apartment. Office, Maintenance and Storage areas are also available. Carports are available for added income stream.
50 Units - Excellently Located
Motivated National Lender Owned
Individually Metered - Gas & Electric
Private Location with Long Term Tenants
Potential Expansion Area for future Construction
Efficient Individual Boiler Heating Systems
Central Laundry Room and W/D Hookups in many units
Each Unit contains Appliances-Ref, Stove/Oven, Dishwasher, Disposal
70%+/- Leased with Tremendous Upside Potential
Tranzon Asset Advisors of Ohio, Inc. Edward D. Durnil Auctioneer/Broker #2008000096
Auction: July 31st at 11AM ET
Buyers Premium: 7% Buyers Premium based on the high bid.
Closing: 30-Day closing, sold in As-Is condition, no contingencies. NOTWITHSTANDING ANYTHING CONTAINED HEREIN TO THE CONTRARY, THE FULLY EXECUTED PURCHASE AND SALE AGREEMENT (A COPY OF WHICH IS AVAILABLE FOR DOWNLOAD WITH THE PROPERTY INFORMATION PACKAGE) SHALL CONTAIN THE SPECIFIC TERMS OF THE SALE AND SHALL GOVERN THE RELATIONSHIP BETWEEN SELLER AND PURCHASER.
Deposit Amount: Minimum deposit of $25,000 in guaranteed funds, with 10% of high bid due within 3 business days after being declared the winning bidder.
Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement

Directions:
Toledo/I-75, I-475 exit (13) Central Avenue, go 1/2 mile to Holland Sylvania Road (US20) turn right on Holland Sylvania Road N. go 1.2 miles to property on left