A 10 unit apartment/motel complex with a single family home sitting on an acre lot. This was previously used as a motel and has had no maintenance for several years. It needs a new roof, plumbing, electrical and cosmetic updates. It can be converted to a multifamily with a 3/2 home, which was built in 2005, and eight 1 bed/1 bath apartments along with a 2 story garage that also have 2 beds/2baths on top. It is close enough to Toledo where rents can be about $700 for the 1/1, and $900 for 3/2 home plus $800 for 2/2 garage. If a cap rate is your game, this may be your play.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
