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Norwood Avenue
Norwood, OH 45212
Asking Price
$1.15M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily <p><span style="color: rgba(0, 0, 0, 1)">Money Making 12 unit in Norwood just off the lateral! 11-1bed units and 1-2bed with equity increase opportunity by converting 1bds into 2bds. Many improvements including rubber roof 21, Boiler replaced 16, window AC by tenants, coin laundry split, all new gas stoves last 4 years, windows/exterior paint 20. Units remodeled in 21 including cabinets, granite countertops, flooring, vanities, toilets. Water/heat paid by landlord</span></p>
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NOI
$80,000
Cap Rate
6.99%
DSCR
1.18
Tight
Cash-on-Cash
3.50%
Monthly Payment
$5,664.835
Annual Cash Flow
$12,021.977
