1647 Cv Blvd Toledo, OH 43606-4134
Property Lookup
Property profile & analytics
1647 Cv Blvd Toledo, OH 43606-4134
- Apartment buildings
- 30,530 SF
- 0.35 lot acres
Property ID
US66-1881042
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 1647 Cv Blvd
- Year built
- 1963
- Lot size
- 0.35 lot acres
- Property size
- 30,530 SF
- Zone code
- 10-CO
- Property type
- Apartment buildings
- APN
- 08-51251
- APU
- 851251
Description
Exceptional investment opportunity: This 20-unit apartment building, boasting 26,448 square feet, is situated on a 0.57-acre lot at 1647 S Cove Blvd, Toledo, OH 43606. Built in 1963, the Class B property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $136,814, representing an 8.83% cap rate. The asking price is $1,550,000 ($77,500 per unit and $58.61 per square foot). Many tenants are on two-year leases, ensuring long-term stability and consistent cash flow. The property benefits from a prime location, just three miles from downtown Toledo, offering proximity to major employers like ProMedica Toledo Hospital (a 794-bed Level 1 trauma facility) and the extensive Ottawa Park. The strong demographics, with over 118,000 people within a three-mile radius, further enhance its investment potential. The current owner pays all utilities, presenting an opportunity to increase revenue. The property is zoned 10-CO. This is a rare opportunity to acquire a fully stabilized, high-performing multifamily asset in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $390,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $606,000
- AI Estimate
- $631,000
Market price range: $607k - $1.51MMarket price range: $631k - $1.41M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.5831
- Latitude
- 41.6714
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,312
$6,580
$92,610
$99,190
-
$18,800
$264,600
$283,400
