BEDS0
BATHS
SQUARE FEET2,562
MLS#1881211
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLNorwood
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!
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Central Air
Fireplaces: 0
Heating: Gas
Lot Size: 0.17 Acres
Roof Type: Shingle
Stories: 3.0
Taxes: $6,440
Year Built: 1912
Units
Unit Type 1:
Bedrooms: 3
Full Bath(s): 1
Total Rooms: 5
Unit Type 2:
Bedrooms: 4
Full Bath(s): 2
Total Rooms: 6
Amenities
Porch
Feature Descriptions
Days on Site: 1
Exterior: Brick
Fireplace Features: None
Foundation: Block
Gas: Natural
Parcel #: 651-0057-0030-00
Parking: Off Street, Onstreet, Driveway
Sewer: Public Sewer
SQFT Basement: 1036
Total Buildings: 1
Units: 2
Water: Public
Window Features: Wood
Local Schools
School District: Norwood
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty
Agent Name: Walter Gibler
Agency Phone: 513-321-9944
Shown By
Agent Name: Darrell Blausey
Agent Phone: (419) 351-1525
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 3,773.63 per month $3,076.54 Principal & Interest $536.67 Property Tax $160.42 Homeowner's Insurance
1988 Lexington Avenue | MLS# 1881211
This multi-family property located at 1988 Lexington Avenue, Norwood, OH 45212 is currently listed for sale with an asking price of $550,000. Lexington Avenue is located within the Norwood school district. Search Norwood real estate on www.darrellrealestate.com today.