5311 N. Detroit Apartments 5311 N Detroit Ave Immeuble residentiel 24 lots 1 051 464 € (43 811 €/Lot) Taux de capitalisation 10,94 % Toledo, OH 43612

This 24-unit multifamily property at 5311 N Detroit Avenue offers an exceptional opportunity for investors seeking stabilized income in a well-connected Toledo location. The asset features all one-bedroom, one-bath units with no interior common areas, minimizing maintenance costs and enhancing operational efficiency. The property has shown consistent occupancy, supported by a strong nearby employment base and proximity to major regional corridors.
Situated minutes from downtown Toledo, the University of Toledo, and the Chrysler Assembly Plant, this property is ideally positioned to attract tenants seeking easy access to work and education. The site benefits from connectivity to I-75 and I-280, offering rapid access to the city and regional markets. Supporting infrastructure includes 36 parking spaces (1.5 per unit) and through-wall permanent air conditioning units.
With an in-place NOI of $131,257, this turn-key investment offers immediate cash flow with operational stability. The building’s brick exterior, updated interiors with LVP flooring, and efficient layouts make it an attractive long-term hold in a strong rental market. Investors will appreciate its favorable fundamentals and central location within a high-demand rental corridor.