Harper Avenue Apartments - 5 Unit - 2352 Harper Ave, Norwood, OH 45212

This property is located in the heart of Norwood, a sub market of Cincinnati. Conveniently located off the Norwood Lateral from major interstate 71. Norwood is the second most populous city in Hamilton County. Near Hyde Park/ Oakley and 10 Minutes from Downtown Cincinnati. Also near major universities such as and Xavier University. The property is situated off Harper Avenue which sits between Norwood Ave and Highland Avenue two major avenues that cut through the Norwood market. The 3CRE Team is proud to present the Harper Avenue Apartments - a 5 Unit 100% occupied complex located in the desirable Cincinnati sub-market of Norwood, Ohio. This property is comprised of three [3] efficiencies, one [1] 1BA|1BR, & one [1] 2BR|1BA. The landlord is responsible for all utilities [water, sewer, trash, electric, & gas]. The windows are insulated vinyl, aluminum siding covering exterior, and electric has been updated. There are three [3] furnaces that service the building. Twin furnaces in the basement that have been recently replaced, which heat floors 1 & 2, and the third floor has its own separate furnace. Over time the owner has completed minor updates to keep the units refreshed when tenants move out. There is ample off-street parking available for tenants, as well as on site coin laundry. There is a major value add opportunity to increase rents and bring them up to market. Currently the property sits at a 9.84% CAP Rate which could Yield a Cash on Cash return of 23.20%.