Multifamily investment opportunity in Norwood! This 5-unit building features efficiency apartments. Four units are currently leased, with one vacant unit offering immediate lease-up and income upside. The property also includes a detached 2-car garage that is separately leased, providing additional rental income. 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.
Property Features
Heating and Cooling
- Heating Features: Forced Air, Gas
- Heating: Yes
Interior Features
- Window Features: Vinyl, Insulated
Other Rooms
- Basement Description: Full
Land Info
- Lot Size Acres: 0.138
- Lot Size Square Feet: 6011
Garage and Parking
- Garage Description: Detached
- Parking Features: Onstreet, Driveway
Rental Info
Multi-Unit Info
School Information
- High School District: Norwood City SD
Homeowners Association
- Maintenance Expense: 2918
Other Property Info
- Source Listing Status: Active
- County: Hamilton
- Source Property Type: Residential Income
- Insurance Expense: 3200
- Area: Hamilton-E02
- Source Neighborhood: Hamilton-E02
- New Taxes Expense: 4194
- Parcel Number: 651-0029-0062-00
- Township: Norwood City
- Property Subtype: Apartment
Commercial Info
- Net Operating Income: 28007
Building and Construction
- Total Square Feet Living: 2285
- Year Built: 1905
- Construction Materials: Aluminum Siding, Brick
- Foundation Details: Block
- Property Age: 120
- Roof: Shingle
- Levels or Stories: Three
- Structure Type: Apartment 5+
Utilities
- Gas: Natural
- Water Sewer Expense: 2607