Share this with your friends
(419) 740-3225
Harmony Realty Group
1356 N Cove Blvd, Toledo, OH 43606
- $369,900
- 11
- BD
- 8,184
- SqFt
- List Price
- $369,900
- Status
- ACTIVE
- Days on Market
- 95
- MLS#
- 10008660
- Subtype
- Residential Income
- Year Built
- 1951
- Bedrooms
- 11
- Living Area
- 8,184
- Lot Size
- 6,712
- Acres
- 0.15
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.
/u.realgeeks.media/harmonyrealtygroupllc/bf190d7cfd01-final3.png)
Additional Information
- Interior Features
- Entrance Foyer
- Flooring
- Carpet, Hardwood
- Appliances
- Water Heater, Dryer, Washer
- Heating
- Forced Air, Natural Gas
- Air Conditioning
- Window/Wall
- Levels
- Three Or More
- Roof
- Shingle
- Foundation
- Block
- Parking Features
- Off Street, Parking Lot, Additional Parking, Oversized
- School District
- Toledo
- Elementary School
- McKinley
- High School
- Start
Listing courtesy of Listing Agent: Keith M. Degnan (kdegnan@bex.net) from Listing Office: Key Realty.