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Walnut Woods Apartments & Townhomes 5943 Walnut Cir E18 99 Unit Apartment Building For Sale Toledo, OH 43615
INVESTMENT HIGHLIGHTS
- Significant Value Add Upside – 55 Unrenovated Units
- Impressive Rental Income Growth w/ 95% YTD Occupancy
- Rents $133 Below Average Competitor
- Oversized In-Demand Floorplans
- Exceptional Momentum – 4% Avg Recent Lease Trade-Outs
- Over $140K in NOI Upside
EXECUTIVE SUMMARY
Walnut Woods is comprised of 99 condo units located in Toledo, Ohio, offering excellent access to the area’s major employment centers, including the University of Toledo, Amazon, Mercy Health, and ProMedica. Adjacent to the Airport Hwy and Spring Meadows commercial corridor, one of the region’s primary retail thoroughfares, the property is just minutes from numerous retail and entertainment destinations.
Well maintained and presenting a mid-state reposition, Walnut Woods is primed for a new owner to achieve tremendous returns by continuing the proven value add program. The asset features spacious, in-demand floorplans, providing built-in protection from new supply threats. Additional upside exists through the potential acquisition of the remaining 19 condo units and dissolution of the HOA.
With impressive property performance, rents well below surrounding competitors, and attractive fundamentals, Walnut Woods presents an outstanding opportunity for a new owner to achieve tremendous upside. Walnut Woods is available free and clear.
Well maintained and presenting a mid-state reposition, Walnut Woods is primed for a new owner to achieve tremendous returns by continuing the proven value add program. The asset features spacious, in-demand floorplans, providing built-in protection from new supply threats. Additional upside exists through the potential acquisition of the remaining 19 condo units and dissolution of the HOA.
With impressive property performance, rents well below surrounding competitors, and attractive fundamentals, Walnut Woods presents an outstanding opportunity for a new owner to achieve tremendous upside. Walnut Woods is available free and clear.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 9.72 AC |
| No. Units | 99 | Building Size | 95,730 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1980 |
| Building Class | C | Parking Ratio | 1.44/1,000 SF |
| Zoning | RS12 - RS12 - Single-Dwelling Residential - 12,000 sq ft | ||
| Sale Type | Investment |
| No. Units | 99 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 9.72 AC |
| Building Size | 95,730 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | RS12 - RS12 - Single-Dwelling Residential - 12,000 sq ft |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 13 | - | 670 |
| 2+1.5 | 81 | - | 992 |
| 3+1.5 | 5 | - | 1,330 |
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Walnut Woods Apartments & Townhomes | 5943 Walnut Cir E18
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