The Toledo Apartments is a charming 2-story, balcony style walk up multifamily property consisting of 8 studio/1 bath units comprised of 4 di erent oor plans. Current owners have infused approximately $90,000 in recent building improvements including renovated interiors with new hardwood laminate oors, stainless steel kitchen appliances, new trims and baseboards, resurfaced cabinets and upgraded vanity tile ooring, mirror, and light xtures in the bathrooms. Additionally, some major systems have been replaced including a new roof and partial copper plumbing. The building o ers 1.5 parking spaces with abundance of street parking. Given the high rental demand in this sub-market combined with the a uent local demographics, the rental rates in this building remain competitive with 8% upside to realize in rents. With easy management and low operating cost this represents an excellent turn-key opportunity for an Investor in a well located beach neighborhood generating consistent cash ow for future growth potential.
Updated on March 8, 2017 at 10:48 am
THE TOLEDO APARTMENTS - 5279 E The Toledo
