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$550,000
1988 Lexington Avenue, Norwood, OH 45212
About this home
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!
Facts & features
Interior
- Bedrooms
- 7
- Square Feet
- 2,562
Property
- Property Type
- Residential Income
- Year Built
- 1912
- Lot Size
- 0.17 acres
Listing details
- Price
- $550,000
- Status
- Canceled
- Days on Market
- 61
- MLS Number
- 1881211
- Listing Agent
- Walter Gibler
- Brokerage
- Coldwell Banker Realty
Features
- Style
- Multi Family
- Basement
- Full
- Heating
- Natural Gas
- Cooling
- Central Air
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
- Patio
- Porch
Location
Norwood, OH 45212
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