2044 Fulton StToledo, OH 43620

Property Details for 2044 Fulton St

Year built

1923

Lot size

0.16 AC

Property size (Sq ft)

33,732 SF

Zone code

10-RM36

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

07-24067

APU

724067

Description

This exceptional 45-unit apartment building, located at 2044 Fulton St, Toledo, OH 43620, presents a compelling investment opportunity. The property, known as Kenmore Manor, is a Class A, six-story building totaling 33,732 square feet, constructed in 1923. Currently vacant, this multifamily property offers a unique chance to restore a historic Toledo landmark. With a list price of $499,000, the price per unit is $11,088.89, and the price per square foot is $14.79. The property is zoned Multi-Family Residential-36 and sits on APN 0724067. Its central location in Downtown Toledo provides easy access to the Old West End, Toledo Art Museum, and St. Vincent Medical Center. The building's ground floor presents potential for retail development. Furthermore, its location within an Opportunity Zone offers significant tax incentives for investors. This is an affordable multifamily investment with considerable upside potential. The property's rich history and prime location make it an ideal candidate for revitalization and a strong addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $7,160,394

  6.5%

  $6,609,595

  7%

  $6,137,481

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,890,702

  Geo Method

  $4,890,702

• Alternative Use

  Use

  Valuation

  Residential

  $6,609,595

  Hospitality

  $6,054,354

  Educational

  $5,037,151

  Medical

  $5,210,386

  Retail

  $7,835,568

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6619

Longitude

-83.5499

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].