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1647 S Cove Blvd
Toledo, OH 43606
Saxon House Apartments · Multifamily Property For Sale · 20 Units

INVESTMENT HIGHLIGHTS

  • Stable income from primarily repeat tenants, with upside potential due to slightly below market rents.
  • Roof replaced in 2020 with 10 years of warranty remaining.
  • Diverse mix of 12 one-bedroom/one-bath and eight two- bedroom/two-bath units appeals to a broad tenant base.
  • All vacant units are rent ready, allowing immediate lease-up at current market rates.
  • There are oversized units of one-bedrooms spanning 900 square feet and two-bedrooms spanning 1,269–1,585 square feet.
  • Centrally located just 1 mile from Promedica’s Main Campus and 2 miles from the University of Toledo.

PROPERTY FACTS

No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 1.00 AC
Building Size 26,448 SF
No. Stories 4
Year Built 1963
Parking Ratio 0.9/1,000 SF
Zoning CO

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 20 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-51251
Land Assessment
$5,705
Improvements Assessment
$358,960
Total Assessment
$364,665
  • Listing ID: 35494058

  • Date on Market: 4/15/2025

  • Last Updated:

  • Address: 1647 S Cove Blvd, Toledo, OH 43606

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