1988 Lexington Avenue, Norwood, OH 45212
- $550,000
- 2,562
- SqFt
- List Price
- $550,000
- Status
- ACTIVE
- MLS#
- 1881211
- Property Type
- Multifamily
- Fireplace
- None
- Lot Size
- 7,492
- Levels
- Three
- County
- Hamilton
- Region
- Hamilton-E02
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!
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Additional Information
- Year Built
- 1912
- Acres
- 0.17
- Construction
- Brick
- Roof
- Shingle
- Basement Desc
- Full
- Garage/Carport
- None
- Cooling
- Central Air
- Heating
- Gas
- Sewer
- Public Sewer
- Water
- Public
- Primary Water Source
- Public
- School District
- Norwood City SD
- Levels
- Three
- Foundation
- Block
- Gas
- Natural
- Fireplace
- None
Mortgage Calculator
Courtesy of Walter Gibler with Coldwell Banker Realty
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