BEDS4
BATHS
SQUARE FEET4,665
MLS#10005673
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLToledo
Property 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 minutes from downtown Toledo, the Toledo Museum of Art, and major interstate access, this property sits in a high-demand rental corridor known for its historic charm and large unit sizes. Whether you're looking to add cash flow to your portfolio or move in the final unit for immediate upside, this is a solid investment in a proven rental market.
Property Features
Property Type: Multi Unit - Multiple
Basement: Block, Full, Unfinished
Basement: Yes
Cooling: Window Unit(s)
Garage: 8
Heating: Boiler, Electric
Lot Size: 0.19 Acres
Roof Type: Asphalt
Stories: 2.0
Year Built: 1897
Amenities
Other
Feature Descriptions
Appliances: Electric Oven, Electric Range, Refrigerator
Days on Site: 3
Exterior: Brick, Wood Siding
Flooring: Hardwood
Laundry: In Basement
Lot: Level
Lot Dimensions: 50x164
Parcel#: 03-17214
Parking: Concrete, Detached Garage, Driveway
Parking Notes: Concrete, Detached Garage, Driveway
Pets Allowed: Yes, Cats OK
Sewer: Public Sewer
Units: 4
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
High School: Scott
Middle School: None
Elementary School: Rosa Parks
School District: Toledo
Listed By / Shown By
Listed By
Agency Name: W & R Property Management
Agency Phone: 419-491-2367
Shown By
Agent Name: Lindsey LaBounty
Agent Phone: Cell: (419) 360-9761
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 999.93 per month $950.37 Principal & Interest $0.00 Property Tax (data not provided by mls) $49.55 Homeowner's Insurance
338 Kenilworth Avenue | MLS# 10005673
This multi-family property located at 338 Kenilworth Avenue, Toledo, OH 43610 is currently listed for sale with an asking price of $169,900. Kenilworth Avenue is located within the Toledo school district. Search Toledo real estate on www.thelabountygroup.com today.