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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 | Lot Size | 0.35 AC |
| Property Type | Multifamily | Building Size | 26,448 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 0.9/1,000 SF |
| Zoning | CO - Designated for office buildings and related uses, such as professional services, administrative offices, and sometimes limited retail. | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 26,448 SF |
| No. Stories | 4 |
| Year Built | 1963 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | CO - Designated for office buildings and related uses, such as professional services, administrative offices, and sometimes limited retail. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | - |
Property Taxes
| Parcel Number | 08-51251 | Improvements Assessment | $358,960 |
| Land Assessment | $5,705 | Total Assessment | $364,665 |
Property Taxes
Parcel Number
08-51251
Land Assessment
$5,705
Improvements Assessment
$358,960
Total Assessment
$364,665
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