2237 Evergreen Rd, Ottawa Hills, OH 43606
- $889,900
- 9
- BD
- 12,406
- SqFt
- List Price
- $889,900
- Status
- ACTIVE
- Days on Market
- 27
- MLS#
- 10010006
- Subtype
- Residential Income
- Year Built
- 1943
- Bedrooms
- 9
- Living Area
- 12,406
- Lot Size
- 26,270
- Acres
- 0.60
- Subdivision
- Ottawa Hills
Property Description
Rare opportunity to acquire a fully occupied, stabilized 5-unit investment property overlooking the Meadow in the prestigious Village of Ottawa Hills. Immediate in-place income with future rental upside. See attached comprehensive Investment Summary for the current rent roll, operating expenses, pro forma financial analysis, and additional property information. This full brick apartment building, complemented by a matching full brick 8-car garage, offers four spacious 2-bedroom, 2-bath units plus a loft-style 1-bedroom, 1-bath unit. Extensively renovated by a respected local builder with the intent of preserving the building's original architectural character while thoughtfully incorporating modern improvements. Capital enhancements include newer roofs on both the building and garage, updated electrical systems, individual zoned heating and cooling for each unit, fully updated kitchens with quartz countertops, updated cabinetry and appliances, luxury vinyl plank flooring, and renovated bathrooms. The loft unit offers an attractive open-concept design with granite countertops, marble backsplash, and distinctive tile and marble finishes. Units 1-4 feature in-unit laundry and private enclosed porches. A full basement provides designated storage for each unit, a shared common area, and an additional washer and dryer serving the building. Tenants are responsible for electric, gas, and internet, contributing to an efficient operating structure. Located within the highly acclaimed Ottawa Hills Local School District—consistently ranked among Ohio's premier public school districts—and one of Northwest Ohio's most desirable and established communities, the property benefits from exceptional long-term tenant demand and the rarity of multifamily ownership opportunities within the Village. Conveniently located near the University of Toledo, major healthcare systems, Wildwood Metropark, Westgate Village, Costco, shopping, dining, and major expressways.
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Additional Information
- Interior Features
- Entrance Foyer, Open Floor Plan, Separate Shower, Storage, Walk-In Closet(s), Other
- Exterior Features
- Other
- Zoning
- Residential
- Flooring
- Concrete, Vinyl, Tile, Other
- Appliances
- Dishwasher, Microwave, Water Heater, Disposal, Dryer, Electric Oven, Electric Range, Exhaust Fan, Refrigerator, Washer, Washer/Dryer, Other
- Heating
- Forced Air, Natural Gas, Zoned
- Air Conditioning
- Ceiling Fan(s), Central Air, Zoned
- Levels
- Quad-Level
- Roof
- Shingle
- Foundation
- Block, Other
- Parking Features
- Assigned, Additional Parking, Detached, Driveway, Garage Door Opener
- Garage Spaces
- 8
- School District
- Ottawa Hills
- Elementary School
- Ottawa Hills
- High School
- Ottawa Hills
- View
- Other
Listing courtesy of Listing Agent: Kelly Longthorne (kelly@effler.com) from Listing Office: Effler Schmitt Co.