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2240 Norwood Ave 25 Unit Apartment Building $2,204,848 CAD ($88,194 CAD/Unit) 11.82% Cap Rate Cincinnati, OH 45212
Investment Highlights
- Excellent central location
- Refinished hardwood floors and tile bathrooms affording quick turn over time.
- Instant hot water system.
- Solid masonry construction
- Separate utilities. Tenants pay all utilities including heat, water, sewage, garbage, house gas, and electric.
Executive Summary
*******************SELLER FINANCING AVAILABLE 20% down, 5% interest for up to 5 years, 30 year amortization!!!!!!!!!!!! No pre payment penalty************ 25 units located within walking distance to downtown Norwood shopping, restaurants and the Norwood lateral connecting Interstate 71 to Interstate 75. TENANTS PAY HEAT!! and all utilities used in the premises including water, sewage, garbage, house/common gas and electricity!!!! Some updated kitchens and bathrooms. Four coin operated washers and four coin operated dryers included. Storage lockers in the basements. Great tenant base with on-time payment histories. Month to month leases! Solid masonry construction. Very little yard maintenance. Original refinished hardwood floors and tile bathrooms accommodating very easy turnover between previous and new tenant move-in. Original built in dresser systems. Instant hot water system.
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,204,848 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $88,194 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 11.82% | Building Size | 15,232 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 25 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1926/2005 |
| Property Subtype | Apartment | ||
| Zoning | GBD - Designed to accommodate a wide range of commercial activities and services. | ||
| Price | $2,204,848 CAD |
| Price Per Unit | $88,194 CAD |
| Sale Type | Investment |
| Cap Rate | 11.82% |
| Sale Condition | 1031 Exchange |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 15,232 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1926/2005 |
| Zoning | GBD - Designed to accommodate a wide range of commercial activities and services. |
Amenities
Unit Amenities
- Storage Space
- Heating
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Basement
- Double Pane Windows
- Instant Hot Water
- Smoke Free
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 25 | $1,085 CAD | 500 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Total Assessment | $320,890 CAD (2025) | |
| Land Assessment | $35,562 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $285,327 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$35,562 CAD (2025)
Improvements Assessment
$285,327 CAD (2025)
Total Assessment
$320,890 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Tallarigo Properties
2240 Norwood Ave
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