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

  • Window Unit Cooling System
  • 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
  • Suburb S I C: Norwood
  • 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
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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

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 $5,271 $76,332 $10,640 $65,692
2024 $5,253 $76,332 $10,640 $65,692
2023 $5,269 $76,332 $10,640 $65,692
2022 $4,788 $60,617 $10,231 $50,386
2021 $4,761 $60,617 $10,231 $50,386
2020 $4,571 $60,617 $10,231 $50,386
2019 $4,229 $52,255 $8,820 $43,435
2018 $4,246 $52,255 $8,820 $43,435
2017 $4,119 $52,255 $8,820 $43,435
2016 $4,432 $52,297 $8,113 $44,184
2015 $4,031 $52,297 $8,113 $44,184
2014 $4,004 $52,297 $8,113 $44,184
2013 $4,094 $56,847 $8,820 $48,027
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1777725

MLS of Greater Cincinnati (CincyMLS)