1951 N Summit Street, Toledo, OH 43611 (MLS # 10004680)
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Excellent investment opportunity with this five-unit apartment building offering strong income and upside potential. Next month, the building will be fully rented bringing in $3,750 per month! Additional income from on-site coin laundry is not included in the current figures, providing even more revenue potential. Most tenants are long term, and all units have been remodeled in recent years, minimizing immediate capital expenses. The parking lot has been recently redone and offers ample space for residents and guests. Approximately 6,200 of the 9,300 square feet is finished, leaving significant opportunity to expand"”potentially converting the remaining space to create a 6-8 unit building. A solid, income-producing property with tremendous value-add potential! Vacant unit is available for showings and other units available with an accepted offer.
| DAYS ON MARKET | 157 | LAST UPDATED | 5/13/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1900 |
| COUNTY | Lucas | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| Elementary School | Riverside |
|---|---|
| Jr. High School | None |
| High School | Woodward |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Water Heater |
| BASEMENT | Block, Yes |
| CONSTRUCTION | Aluminum Siding |
| EXTERIOR | Awning(s) |
| HEAT | Electric, Radiant |
| INTERIOR | Entrance Foyer |
| LOT DESCRIPTION | Other |
| LOT DIMENSIONS | 60X214 |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | None |
| UTILITIES | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Sewer Available |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Source MLS: MiRealSource
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