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Greenbelt Place 806 Cherry St 176 Unit Apartment Building For Sale Toledo, OH 43604
Investment Highlights
- Located in the heart of Downtown Toledo, Ohio. The immediate and surrounding areas have experienced substantial public and private investments
- All units are covered under an Option 3b HAP Contract
- 96% occupied with a sizable waiting list
- Highly walkable downtown location surrounded by entertainment, dining, employment, and civic uses.H
Executive Summary
176-units with multiple floorplans, suitable for families of all sizes
96% occupied
100% HAP & 100% LIHTC
Located in QCT & Opportunity Zone
96% occupied
100% HAP & 100% LIHTC
Located in QCT & Opportunity Zone
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Building Size | 189,940 SF |
| No. Units | 176 | Average Occupancy | 98% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1971/2003 |
| Apartment Style | Garden | Parking Ratio | 1.27/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 5.64 AC | ||
| Zoning | RM36 - Designed to accommodate the development of multi-unit housing, such as apartment buildings or condominiums. | ||
| Sale Type | Investment |
| No. Units | 176 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.64 AC |
| Building Size | 189,940 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2003 |
| Parking Ratio | 1.27/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM36 - Designed to accommodate the development of multi-unit housing, such as apartment buildings or condominiums. |
Amenities
Unit Amenities
- Cable Ready
Site Amenities
- Laundry Facilities
- Playground
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 38 | - | 750 |
| 2+1 | 82 | - | 1,000 |
| 3+1 | 34 | - | 1,200 |
| 4+1.5 | 22 | - | 1,400 |
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Fairly walkable
50/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,651,805 CAD (2025) | |
| Land Assessment | $168,773 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,483,033 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$168,773 CAD (2025)
Improvements Assessment
$1,483,033 CAD (2025)
Total Assessment
$1,651,805 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Greenbelt Place | 806 Cherry St
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