353 Kenilworth Ave, Toledo, OH for sale

Investment Overview

10,824 SF, 6-unit apartment building situated on 0.1207 acres in Toledo's Old West End. Unit makeups consist of four 3 bed one bath units, and two 2 bed one bath units. The neighborhood provides ease of access to downtown Toledo, Museum of Art and is serviced by Toledo Public Schools. Built in 1909 and renovated in 2024 Recent renovations include, roof, improved common areas, wood flooring, apartment entry doors, and pluming/electrical upgrades in most units. Currently 50% occupied, offering immediate upside through lease-up. The proforma indicates a 15.95% cap rate once units have been stabilized.

Investment Highlights

• 6 unit apartment, built in 1909 and renovated in 2024
• Units makeup consists of four 3 bed/1bath units and two 2bed/1bath units
• Recent renovations include, roof, improved common areas, wood flooring, apartment entry doors, and plumbing/electrical upgrades in most units
• Individually metered electric for all units; all water & boiler electric on a master meter (owner-paid)
• Shared basement laundry with washer and dryer included
• Central Catholic schools, Toledo Public Schools, and St Vincents Hospital all within one mile