37
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$550,000
Est. payment /mo
2,562 SqFt
Active
1988 Lexington Ave Norwood, OH 45212
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Key Details
Property Type Multi-Family
Sub Type Multi Fam 2-4 units
Listing Status Active
Purchase Type For Sale
Square Footage 2,562 sqft
Price per Sqft $214
MLS Listing ID 1881211
Year Built 1912
Lot Size 7,492 Sqft
Property Sub-Type Multi Fam 2-4 units
Source Cincinnati Multiple Listing Service
Property Description
Turnkey Cash-Flowing Duplex bringing in over $4,625 per month! Incredible opportunity to own a fully renovated, income-producing property generating $55,500 annually in gross rental income. Both units are fully leased through May 2027, providing immediate cash flow and long-term stability, while tenants pay all utilities, maximizing investor returns. Completely transformed in 2020/2021, this property was gutted down to the studs and extensively renovated, offering peace of mind and minimizing future maintenance concerns. The spacious Unit 1 features 3 bedrooms and 1 full bathroom, while Unit 2 spans the second and third floors and offers 4 bedrooms and 2 full bathrooms, creating strong rental demand and excellent income potential. Four parking spots in the backyard! Whether you're expanding your portfolio or looking for a turnkey investment with stable tenants already in place, this property checks all the boxes!
Location
State OH
County Hamilton
Area Hamilton-E02
Rooms
Basement Full
Interior
Heating Gas
Cooling Central Air
Fireplaces Type None
Window Features Wood
Exterior
Exterior Feature Porch
Parking Features None
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 Coldwell Banker Realty
Nearby Locations
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