Cash-flowing property w/ ZERO real estate TAXES. This mix-use investment property offers a unique opportunity with 3 commercial units and 9 residential units. Take advantage of the CRA tax abatement granted to this property and let the absence of real estate taxes significantly boost your net income, enhancing the property's overall return on investment. Conveniently located next to all major highways, ProMedica Toledo Hospital, Jeep Assembly Plant, Dana Toledo, Driveline and much more. 3-car & 2-car garage w/ additional lot provide for ample amount of parking. Two parcels included in sale.
Sold for $585,000
$585,000
1125 W Sylvania Ave, Toledo, OH 43612
2beds
1baths
13,792sqft
Multi Family
Built in 1927
-- sqft lot
$389,100 Zestimate®
$42/sqft
$836 Estimated rent
Home value
$389,100
$280,000 - $506,000
$836/mo
Zestimate® history
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$836/mo
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$836/mo
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$3,297/mo
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$3,297/mo
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Zillow last checked:
Listing updated:
Listed by:
Arman Singh 567-277-2402,
Key Realty LTD
Bought with:
Arman Singh, 2021008393
Key Realty LTD
Source: NORIS,MLS#: 6115316
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Boiler, Natural Gas
Cooling
- None
Appliances
- Included: Water Heater, Refrigerator
Features
- Basement: Full
Interior area
- Total structure area: 13,792
- Total interior livable area: 13,792 sqft
Property
Parking
- Total spaces: 13
- Parking features: Parking Lot, Detached Garage, Driveway, Side By Side
- Has uncovered spaces: Yes
Lot
- Size: 8,276 Square Feet
- Dimensions: 8,323
- Features: Corner Lot
Details
- Parcel number: 0409761
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Flat
Condition
- Year built: 1927
Utilities & green energy
- Sewer: Sanitary Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Weissenberger Addn.
Location
- Region: Toledo
Financial & listing details
- Price per square foot: $42/sqft
- Tax assessed value: $29,900
- Annual tax amount: $1,313
- Date on market: 5/17/2024
- Listing terms: Cash,Conventional
- Lease term: Month To Month
- Total actual rent: 8200
- Tenant pays: Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2024 | Sold | $585,000-2.5%$42/sqft |
Source: NORIS #6115316 Report a problem | ||
| 5/23/2024 | Contingent | $599,900$43/sqft |
Source: NORIS #6115316 Report a problem | ||
| 5/17/2024 | Listed for sale | $599,900+207.6%$43/sqft |
Source: NORIS #6115316 Report a problem | ||
| 10/2/2000 | Sold | $195,000$14/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,313 +3% | $10,465 |
| 2024 | $1,275 -3.9% | $10,465 +1% |
| 2023 | $1,327 -47.2% | $10,360 -56.2% |
| 2022 | $2,511 -2% | $23,660 |
| 2021 | $2,562 +88.6% | $23,660 +141.4% |
| 2020 | $1,358 +104.7% | $9,800 |
| 2019 | $664 +69.9% | $9,800 |
| 2018 | $391 -92.9% | $9,800 -81.4% |
| 2017 | $5,474 -0.2% | $52,605 -65% |
| 2016 | $5,485 +0.6% | $150,300 |
| 2015 | $5,451 +16.5% | $150,300 +185.7% |
| 2014 | $4,677 | $52,610 |
| 2013 | $4,677 -13.9% | $52,610 -17% |
| 2012 | $5,434 +0.3% | $63,390 |
| 2011 | $5,419 +0.9% | $63,390 |
| 2010 | $5,372 -1.4% | $63,390 |
| 2009 | $5,449 +3.7% | $63,390 |
| 2008 | $5,254 +2.7% | $63,390 |
| 2007 | $5,118 +2% | $63,390 |
| 2006 | $5,020 +16.9% | $63,390 +2.3% |
| 2004 | $4,294 +0.2% | $61,990 |
| 2003 | $4,287 -5.3% | $61,990 |
| 2002 | $4,529 +14.9% | $61,990 |
| 2001 | $3,940 -27.5% | $61,990 |
| 2000 | $5,437 | $61,990 |
Find assessor info on the county website
Neighborhood: Five Points
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- $8501 bd1 ba-- sqft3950 Drexel Dr, Toledo, OH 43612For Rent
- $--1 bd1 ba-- sqft1125 W Sylvania Ave #1, Toledo, OH 43612Off Market
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- $--1 bd1 ba-- sqft1125 W Sylvania Ave #3, Toledo, OH 43612Off Market
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- $---- bd-- ba-- sqft1119 W Sylvania Ave, Toledo, OH 43612Off Market
Nearby schools
GreatSchools rating
- 3/10Whittier Elementary SchoolGrades: K-8Distance: 0.3 mi
- 1/10Start High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Whittier
- High: Start
Source: NORIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$389,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$389,100
- Ohio
- Lucas County
- Toledo
- 43612
- Five Points
- 1125 W Sylvania Ave
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