1356 N Cove Blvd, Toledo, OH 43606
- $369,900
- 11
- BD
- 8,184
- SqFt
- List Price
- $369,900
- MLS#
- 10008660
- Property Type
- Multifamily
- Bedrooms
- 11
- Sqft. of Residence
- 8,184
- Lot Size
- 6,712
- Status
- ACTIVE
- County
- Lucas
- Acres
- 0.15
- Year Built
- 1951
Property Description
Excellent investment opportunity in Toledo! This all-brick 6-unit apartment building offers strong upside, with current rents significantly below market and multiple ways to increase income. Two units are currently operated as furnished Airbnbs, each generating approximately $1,200 per month and backed by very strong rental histories, showing the potential to expand the short-term rental model to additional units. The property includes a mix of unit layouts, including one 1-bedroom/1-bath unit, and also features coin-operated laundry that brings in approximately $155 per month in additional income. With solid brick construction, proven furnished Airbnb performance, below-market rents, and multiple income streams, this property is ideal for an investor looking to add value, increase cash flow, and build long-term equity through rent increases, expanded short-term rental use, or continued multifamily operation.
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Additional Information
- Acres
- 0.15
- Cooling
- Window/Wall
- Elementary School
- McKinley
- Foundation
- Block
- Heating
- Forced Air, Natural Gas
- High School
- Start
- Living Area
- 8,184
- Possession
- Subject To Tenant Rights
- Roof
- Shingle
- School District
- Toledo
- Sewer
- Public Sewer, Sewer, Sewer-Storm
- Terms
- Cash, Conventional
- Utilities
- Cable Available, Electricity Available, Natural Gas Available, Sewer Connected
- Water
- Public
- Year Built
- 1951
Mortgage Calculator
Listing courtesy of Listing Agent: Keith M. Degnan (kdegnan@bex.net) from Listing Office: Key Realty.