1988 Lexington Avenue, Norwood, OH 45212

$550,000
2,562
SqFt
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List Price
$550,000
Status
ACTIVE
MLS#
1881211
Lot Size
7,492
Levels
Three
Region
Hamilton-E02
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513-835-5506

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

Acres
0.17
Construction
Brick
Roof
Shingle
Basement Desc
Full
Garage Desc
None
Cooling
Central Air
Heating
Gas
Sewer
Public Sewer
Water
Public
School District
Norwood City SD
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Courtesy of Walter Gibler with Coldwell Banker Realty

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