338 Kenilworth Ave, Toledo, OH 43610

Description

Stabilized 4-unit opportunity in Toledo's historic district with strong returns and upside. This property features four spacious 1 bed / 1 bath units, each offering approximately 1,150 sq ft—much larger than typical units in the area. Currently 3 of 4 units are rented, with full occupancy projected at $2,910/month ($34,920/year), delivering a 12+ cap rate. One unit is a long term section 8 tenant at $813. Each unit includes hardwood floors, appliances, and impressive 9.5' ceilings that enhance the character and livability. The vacant unit has just been renovated and is ready for a tenant. Shared basement provides additional storage for tenant convenience. Located just mi...