NOT LISTED FOR SALE

3938 Hazel Ave Cincinnati, OH 45212

-- Bed
-- Bath
-- Sq Ft
8,756 Sq Ft Lot

Last Sold May 24, 2024

Last sale price $370,000

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, 4 gas forced air furnaces (heat paid by tenants) & 4 car detached garage. Upside potential for increasing rental income to market rates. 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

  • $6,242

Year Built

  • Built in 1910

Lot Details

  • 8,756

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters

Additional Features

  • Porch
  • 8,756 Sq Ft Lot

Community Details

  • Insurance Expense $1,800
  • Water Sewer Expense $2,439
  • Gross Income $30,240
  • Net Operating Income $18,979

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,242

Year Built

Built in 1910

Lot Details

0

Parking

4

Listing Details

  • Suburb: Norwood
  • Cross Street: Williams Ave.
  • Broker Approved: Yes
  • Census Tract Realist: 256.00
  • Cooling: Window Unit
  • Heating: Gas, Forced Air
  • Lot Area Realist: 8756.00
  • Suburb S I C: Norwood
  • Price Per Acre: 1840796.02
  • Year Built: 1910
  • Appliance Include: 4 stoves, 4 refrigerators & 4 A/C
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • Directions: Williams Ave to Hazel
  • 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: 18979.00
  • Property Type: Residential Income
  • Separate Furnace: Yes
  • Gasand Electric: 780
  • Heat Paid: Tenant
  • Lease Information: 3 are MTM, 1 thru 9/24
  • Reciprocal Listing: No
  • Semi Annual Taxes: 3121
  • Water Paid: Owner
  • Basement: Full
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Windows: Casement
  • One Bedroom Rent: 630.00
  • One Bedroom Sq Ft: 700
  • One Bedroom Number of Units: 4

Exterior Features

  • Roof: Shingle
  • Construction: Brick
  • Outside Features: Porch
  • Foundation: Poured
  • Listing Price: 355000.00
  • Acres: 0.2010
  • New Construction: No

Garage/Parking

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

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 2439

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service

Fee Information

  • Taxes: 6242

Schools

  • District: Norwood City SD

Lot Info

  • Lot Size Sq Ft: 8756.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 30240.00
  • Total Buildings: 1
  • Insurance: 1800.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
05/24/2024 05/24/24 Sold $370,000 +4.2% --
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Mark McGrath

    Home Information Network, Inc.

    Section Image
  • John McGrath

    Seller Co-Listing Agent in 2024

    John McGrath

    Home Information Network, Inc.

    (513) 288-0808

    4 in this area

    19 Total Sales

    John McGrath
    Section Image
See All Agents

Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1800169

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

3938 Hazel Ave, Cincinnati, OH

Not Listed for Sale

MultiFamily

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