This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
2316-2318 Indian Mound
Norwood, OH 45212
Multifamily Property For Sale
·
10 Units
PROPERTY FACTS
| No. Units | 10 | Building Size | 5,950 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1952 |
| Building Class | C | Parking Ratio | 1.68/1,000 SF |
| Lot Size | 0.21 AC | ||
| Zoning | R3 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,950 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1952 |
| Parking Ratio | 1.68/1,000 SF |
| Zoning | R3 |
ABOUT 2316-2318 INDIAN MOUND , NORWOOD, OH 45212
Jennifer M. Donathan of KW Commercial is pleased to present an excellent value add opportunity in Norwood Ohio. The property consists of one brick building with pitched shingle roof and plenty of off-street parking. Tenants pay electric, owner pays heat, water and trash. The building is heated by gas boiler. There are 10 one bed / one bath units, three of the units have been completely updated with new kitchens and bath and refinished hardwood floors. Nearby similar one bed units are renting for $800/month rehabbed. The rehabbed units in the subject property are leased for $695max and the units not rehabbed are scheduled for a rent increase to $550 as of October 1. The units not rehabbed could also be increased as-is to $650+.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | $622.50 | 595 |
PROPERTY TAXES
| Parcel Number | 651-0011-0049 | Improvements Assessment | $110,702 |
| Land Assessment | $26,600 | Total Assessment | $137,302 |
PROPERTY TAXES
