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$ 360,000
Est. payment | /mo
2,285 SqFt
$ 360,000
Est. payment | /mo
2,285 SqFt
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 2,285 sqft
Price per Sqft $157
MLS Listing ID 1864756
Year Built 1905
Lot Size 6,011 Sqft
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property Description
Fully leased multifamily investment opportunity in Norwood generating $4,555 in monthly rental income. This property includes 5 updated efficiency units and a leased detached garage. Based on current income and expenses, the property offers an approximate 9% cap rate at the list price, making it an attractive option for investors seeking solid returns. Conveniently located just minutes from Factory 52, major employers, dining, and entertainment, this property benefits from a highly desirable and growing area. A great opportunity for investors seeking in-place income with upside potential in a prime Norwood location.
Location
State OH
County Hamilton
Area Hamilton-E02
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling None
Fireplaces Type None
Window Features Vinyl,Insulated
Exterior
Parking Features Detached
View Y/N No
Water Access Desc Public
Roof Type Shingle
Building
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Three
New Construction No
Schools
School District Norwood City Sd
Listed by Agora Realty Group
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