NOT LISTED FOR SALE

2563 Marsh Ave Cincinnati, OH 45212

4 Beds
4 Baths
-- Sq Ft
4,748 Sq Ft Lot

Last Sold August 25, 2023

Last sale price $405,000

14 Days on Market

Highlights

  • Storage
  • Hot Water Heating System
  • Coin Laundry

About This Home

As of August 2023

Excellent investment opportunity in prime location on the edge of Norwood's Presidential District! Well-kept and easy to rent - Four 1-bed 1 bath units with private garage in rear. Owner-paid water and boiler heat. Simple value-add opportunity to push rents to market rates and enjoy solid cash flow. To honor tenant privacy, walkthroughs to happen after LOI or contract has been accepted. - Numbers presented are pro-forma.

Last Agent to Sell the Property

noah gibby

Plum Tree Realty License #2020001909 Listed on: 07/12/2023

Plum Tree Realty

Last Buyer's Agent

Default zSystem

zSystem Default

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 4,748 Sq Ft Lot
  • Lot Dimensions are 86x79

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Rear-Facing Garage
  • Driveway

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Membrane Roofing

Interior Spaces

  • 2-Story Property
  • Vinyl Clad Windows
  • Storage
  • Basement Fills Entire Space Under The House

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters

Community Details

Amenities

  • Coin Laundry

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $2,736
  • Other Expense $800
  • Water Sewer Expense $2,400
  • Gross Income $46,000
  • Net Operating Income $30,496

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Parking

4

Listing Details

  • Suburb: Norwood
  • Cross Street: Smith
  • Degree Complete: Existing Structure
  • Broker Approved: Yes
  • Miscellaneous: Coin Laundry
  • Census Tract Realist: 254.02
  • Cooling: Window Unit
  • Heating: Gas, Hot Water
  • Lot Area Realist: 4748.00
  • Sub Lease Expiration Date: 1800-01-01T00:00:00-05:00
  • Suburb S I C: Norwood
  • Annual Assessment Amount: $2394
  • Price Per Acre: 3715596.33
  • Year Built: 1952
  • Appliance Include: Fridge, stove, dishwashers, washer/dryer
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • School 1 Type: District Phone
  • Directions: Edwards to Smith to R on Marsh
  • 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

  • Interior Amenities: Storage Area
  • Net Operating Income: 30496.00
  • Property Type: Residential Income
  • Separate Furnace: No
  • Vacancy: 1380
  • Gasand Electric: 2200
  • Heat Paid: Owner
  • Lease Information: All tenants month to month
  • Reciprocal Listing: No
  • School Name1: Call SD 513-396-5520
  • Semi Annual Taxes: Of Record
  • Water Paid: Owner
  • Basement: Full
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Windows: Vinyl
  • One Bedroom Rent: 950.00
  • One Bedroom Sq Ft: 550
  • One Bedroom Number of Units: 4

Exterior Features

  • Roof: Membrane
  • Construction: Brick
  • Foundation: Block
  • Listing Price: 405000.00
  • Acres: 0.1090
  • New Construction: No

Garage/Parking

  • Garage: Rear
  • Garage Spaces: 4.00
  • Parking Spaces: 4
  • Parking: Driveway

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 2400

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service
  • Maintenance: 2736.00

Fee Information

  • Taxes: 4788

Schools

  • District: Norwood City SD

Lot Info

  • Lot Dimensions: 86x79
  • Lot Size Sq Ft: 4748.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 46000.00
  • Other Expense: 800
  • Total Buildings: 1
  • Insurance: 1200.00

Range of Values:

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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
12/12/2023 12/12/23 Off Market $405,000 -- --
08/25/2023 08/25/23 Sold $405,000 +1.3% --
07/27/2023 07/27/23 Pending -- -- --
07/12/2023 07/12/23 For Sale $400,000 -- --
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • n

    Seller's Agent in 2023

    noah gibby

    Plum Tree Realty

    (513) 373-1672

    2 in this area

    36 Total Sales

    noah gibby
    Section Image

  • D

    Buyer's Agent in 2023

    Default zSystem

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1777725

MLS of Greater Cincinnati (CincyMLS)
Ohio Hamilton County Cincinnati 45212

2563 Marsh Ave, Cincinnati, OH

This home is located at 2563 Marsh Ave, Cincinnati, OH 45212 since 12 July 2023. This property was built in 1952. 2563 Marsh Ave is a home located in Hamilton County with nearby schools including Norwood High School, Cornerstone Christian Academy, and Immaculate Conception Academy.

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