AJ Commercial Group is proud to announce the successful sale of River Birch Apartments, a 224-unit multifamily property located in Toledo, Ohio. This value-add asset offered significant upside with a strong renovation trajectory already in motion at the time of closing.
Of the 224 units, 140 were fully remodeled with modern kitchens, bathrooms, flooring, and finishes — representing a substantial capital improvement by long-term ownership. Rents for renovated units reached up to $975/month, compared to $670/month average in-place rents across the community, offering strong income growth potential for new ownership.
River Birch had been family owned and operated for over 30 years, demonstrating exceptional long-term care and community reputation. The property also benefits from a prime walkable location — steps from major shopping centers, restaurants, and neighborhood amenities.
Whether you're thinking about selling, repositioning, or executing a 1031 exchange — start with a real conversation. We'll listen first and give you actual numbers, not just a pitch.
