Forest Creek Town Homes

Highlights:

• Optimized blend of unit sizes ranging from 2,600 SF to 2,700 SF
• Excellent mix of unit layouts including 1 bed / 1 bath, 3 bed/2 bath, 6 bed/2.5 bath, 6 bed/3.5 bath, and 6-7 bed/3.5 bath options
• Ample on-site parking with security lighting throughout
• All units contain range, refrigerator, dishwasher, washer, dryer, garbage disposal, and alarm system
• Tenants responsible for central air, gas forced heat, electric, water, and sewer
• VPD's: Dorr St- 33,750 (25), N Byrne Rd- 19,792 (25)

Description:

Forest Creek Town Homes is a well maintained, 43,277 SF multifamily complex comprised 99 beds across 17 units plus maintenance building. The 3.76 acre property is a beautifully landscaped park like setting, featuring ample open green space and a small creek with outdoor amenities such as picnic tables, fire pits and grills. Prime location adjacent to the signalized intersection of N Byrne Rd and Dorr St, both main Toledo thoroughfares, between the I-475/Dorr St interchange and downtown Toledo. Within walking distance to University of Toledo, providing a steady flow of potential student tenants.

Forest Creek Town Homes offers a prime investment opportunity adjacent to the University of Toledo and just 3.5 miles east of I-475, with downtown Toledo only 5 miles to the west. This prime location provides attractive housing options for the university's student population, including undergraduates, graduate students, and members of sororities and fraternities. Residents can enjoy easy access to major highways, as well as convenient proximity to downtown Toledo's entertainment options, including the Mud Hens, Walleye, and the Huntington Center. This makes Forest Creek Town Homes an enticing prospect for Multifamily / Low-Rise/Garden investors seeking a promising opportunity in the Toledo market.

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