NOT LISTED FOR SALE

2553 Williams Ave Cincinnati, OH 45212

-- Bed
-- Bath
-- Sq Ft
7,492 Sq Ft Lot

Last Sold May 24, 2024

Last sale price $375,000

About This Home

As of May 2024

Introducing a fantastic investment opportunity in Norwood! Walk to Rookwood, shopping & entertainment. This four unit building features one bedroom and one bath apartments. All units are occupied. Low maintenance brick exterior, glass block windows, updated boiler & circuit breaker electric! Upside potential for increasing rental income to market rates. Coin laundry included! Professional property management available. Don't miss out on this chance to own a solid performing income producer. Current rents are well below market rates.

Last Agent to Sell the Property

Mark McGrath

Home Information Network, Inc. License #0000344295 Listed on: 03/26/2024

Co-Listed By

John McGrath

Home Information Network, Inc. License #2018001403

Last Buyer's Agent

Mark McGrath

Home Information Network, Inc. License #0000344295 Listed on: 03/26/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,880

Year Built

  • Built in 1942

Lot Details

  • 7,492 Sq Ft Lot
  • Lot Dimensions are 57 x 100

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Lot
  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Casement Windows
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Insurance Expense $1,800
  • Water Sewer Expense $2,768
  • Gross Income $31,200
  • Net Operating Income $19,316

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,880

Year Built

Built in 1942

Lot Details

7,492 Sq Ft Lot

Parking

4

Listing Details

  • Suburb: Norwood
  • Cross Street: Smith Rd
  • Broker Approved: Yes
  • Miscellaneous: Coin Laundry,Smoke Alarm
  • Census Tract Realist: 254.02
  • Cooling: Window Unit
  • Heating: Gas, Hot Water
  • Lot Area Realist: 7492.00
  • Suburb S I C: Norwood
  • Price Per Acre: 2180232.56
  • Year Built: 1942
  • Appliance Include: 4 stoves, refrigerators & A/C, coin W/D
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 4
  • Property Subtype 1: Multi Fam 2-4 units
  • StructureType: Quad
  • Occupancy: Tenant Right
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Net Operating Income: 19316.00
  • Property Type: Residential Income
  • Separate Furnace: No
  • Gasand Electric: 2436
  • Heat Paid: Owner
  • Lease Information: 1 MTM, 1 to 9/24, 1 to 11/24, 1 to 12/24
  • Other Features: Busline Near
  • Other Tax Parcel I D: 651-0037-0084-00
  • Reciprocal Listing: No
  • Semi Annual Taxes: 2440
  • Water Paid: Owner
  • Basement: Full
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Windows: Casement
  • One Bedroom Rent: 650.00
  • One Bedroom Sq Ft: 675
  • One Bedroom Number of Units: 4

Exterior Features

  • Roof: Shingle
  • Construction: Brick
  • Outside Features: Porch
  • Foundation: Poured
  • Listing Price: 355000.00
  • Acres: 0.1720
  • New Construction: No

Garage/Parking

  • Garage: Built in,Rear
  • Garage Spaces: 4.00
  • Parking Spaces: 4
  • Parking: Lot, Off Street

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 2768

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service

Fee Information

  • Taxes: 4880

Schools

  • District: Norwood City SD

Lot Info

  • Lot Dimensions: 57 x 100
  • Lot Size Sq Ft: 7492.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 31200.00
  • Total Buildings: 1
  • Insurance: 1800.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2024 10/08/24 Off Market $895 -- --
09/06/2024 09/06/24 For Rent $895 0.0% --
05/24/2024 05/24/24 Sold $375,000 +5.6% --
03/27/2024 03/27/24 Pending -- -- --
03/26/2024 03/26/24 For Sale $355,000 -- --
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,745 $68,677 $10,640 $58,037
2024 $4,729 $68,677 $10,640 $58,037
2023 $4,744 $68,677 $10,640 $58,037
2022 $5,500 $67,761 $10,231 $57,530
2021 $5,322 $67,761 $10,231 $57,530
2020 $5,109 $67,761 $10,231 $57,530
2019 $4,726 $58,415 $8,820 $49,595
2018 $4,746 $58,415 $8,820 $49,595
2017 $4,602 $58,415 $8,820 $49,595
2016 $3,939 $46,452 $8,113 $38,339
2015 $3,581 $46,452 $8,113 $38,339
2014 $3,558 $46,452 $8,113 $38,339
2013 $3,637 $50,495 $8,820 $41,675
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1800166

MLS of Greater Cincinnati (CincyMLS)
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