NOT LISTED FOR SALE

2553 Williams Ave Cincinnati, OH 45212

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

Sale Details

Date 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2024
Closed on
May 24, 2024
Sold by
Bought by
Seller's Agent
Mark McGrath
Home Information Network, Inc.
Buyer's Agent
Mark McGrath
Home Information Network, Inc.
List Price
$355,000
Sold Price
$375,000
Premium/Discount to List
$20,000
5.63%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,825
Interest Rate
0.0717%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2022
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$375,000 None Listed On Document
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $285,825
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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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