Excellent multifamily investment opportunity in Norwood! This professionally managed, fully occupied 8-unit apartment building is located in a high-demand rental market and offers stable in-place income. Most units have been updated with a modern look, appealing to today's renters and supporting strong occupancy. The property features on-site laundry providing additional income, and tenants pay their own gas and electric, helping keep operating expenses low. The building also benefits from a membrane roof that was replaced in 2022, along with various capital improvements over time, including updates to select water heaters and furnaces. Conveniently located near major employers, shopping, dining, and transportation, this well-maintained asset presents a solid opportunity for investors seeking a stabilized property in a desirable Norwood location.
Property Features
Heating and Cooling
- Heating Features: Forced Air, Gas
- Heating: Yes
Interior Features
Other Rooms
- Basement Description: Full
Land Info
- Lot Size Acres: 0.137
- Lot Size Square Feet: 5968
Garage and Parking
- Parking Features: Onstreet
Rental Info
Multi-Unit Info
School Information
- High School District: Norwood City SD
Homeowners Association
- Maintenance Expense: 8448
Other Property Info
- Source Listing Status: Active
- County: Hamilton
- Source Property Type: Residential Income
- Insurance Expense: 4000
- Area: Hamilton-E02
- Source Neighborhood: Hamilton-E02
- New Taxes Expense: 9396
- Parcel Number: 651-0008-0098-00
- Township: Norwood City
- Property Subtype: Apartment
Commercial Info
- Net Operating Income: 51342
Building and Construction
- Total Square Feet Living: 0
- Year Built: 1955
- Construction Materials: Brick
- Foundation Details: Poured
- Property Age: 70
- Roof: Membrane
- Levels or Stories: Two
- Structure Type: Apartment 5+
Utilities
- Gas: Natural
- Water Sewer Expense: 7577