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Shaun & Megan Richardson

shaun.richardson@exprealty.com +1(419) 302-9343

Listed by Keith M. Degnan Key Realty

$ 369,900

Est. payment | -/mo

11 Beds

8,184 SqFt

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$ 369,900

Est. payment | -/mo

Save Virtual Tour

11 Beds

8,184 SqFt

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 8,184 sqft

Price per Sqft $45

MLS Listing ID 10008660

Bedrooms 11

Year Built 1951

Tax Year 2025

Lot Size 6,712 Sqft

Lot Dimensions 0.15

Property Sub-Type Apartment

Source Northwest Ohio Real Estate Information Service (NORIS)

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.

Location

State OH

County Lucas

Area 0.15

Rooms

Dining Room No

Kitchen No

Interior

Interior Features Entrance Foyer

Heating Forced Air, Natural Gas

Cooling Window Unit(s)

Flooring Carpet, Hardwood

Equipment No

Appliance Dryer

Laundry See Remarks

Exterior

Parking Features Off Street, Parking Lot, Additional Parking, Oversized

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected

Roof Type Shingle

Garage No

Building

Lot Description Irregular Lot

Story 3

Foundation Block

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Level or Stories Tri-Level

Schools

Elementary Schools Mckinley

Middle Schools None

High Schools Start

School District Toledo

Others

Tax ID 18-42301

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/toledo/10008660

Nearby Locations

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Shaun & Megan Richardson

REALTOR® | Lic# 2016001186 | Lic# 2024004146

shaun.richardson@exprealty.com

+1(419) 302-9343

545 Metro Pl S, Dublin, OH, 43017

1356 N Cove BLVD Toledo, OH 43606

Shaun & Megan Richardson

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

1356 N Cove BLVD