1762 Cleveland Ave - Apartments FOR SALE


Norwood, OH 45212
$200,000 USD
513-841-7000
1762 Cleveland Ave, Norwood, OH for Sale
$200,000 USD
Apartments - FOR SALE
1/34
null | Request Cap Rate

1762 Cleveland Ave
Norwood, OH 45212


HIGHLIGHTS

  • Sold by Court Appointed Receiver
  • Online Auction Only

OVERVIEW

Court Appointed Receiver Sale – 1762-1768 Cleveland Ave. An Eight-unit multifamily property located at the corner of Cleveland and Carter Ave. The brick building consists of eight 1-bedroom units, six of which are currently occupied, providing in-place rental income and upside potential through lease-up and rent increases. The property is located near public transportation, neighborhood retail, and major employment corridors, supporting long-term rental demand. Bidder Registration All prospective bidders must be pre-approved to bid. Prospective bidders seeking approval must submit the following items no later than February 10, 2026: Click Sign Up, and create an account Request Authorization and e-sign the Purchase and Sale Agreement Submit a $15,000 participation deposit (email kurt@prodigyprop.com to request wiring instructions after requesting authorization and e-signing the Purchase and Sale Agreement) Once the Purchase and Sale Agreement has been signed and the $15,000 participation deposit has been wired, your account will be reviewed, unlocked, and you will be approved to begin bidding. Auction Date / Times Auction Starts: Live Now Auction Ends: February 11, 2026 @ 1pm ET Sale Terms A 10% (ten percent) buyer's premium will be added to the highest acceptable bid to determine the final purchase price As-Is, Where-Is Sold free and clear of all liens Taxes are prorated of the day of closing Receiver will convey insurable title Financing contingencies are not permitted Due diligence contingencies are not permitted Subject to court approval Winning bidder must wire a ten percent (10%) deposit to escrow holder by 11am ET February 12, 2026 Photos, marketing comments, and due diligence items are provided for guidance purposes only. All information provided is believed to be true, but cannot be guaranteed or warranted. It is up to the bidder to verify due diligence reports and any / all code violations prior to bidding, to the extent any exist. BY BIDDING ON THIS PROPERTY, THE BIDDER REPRESENTS THEY HAVE INDEPENDENTLY VERIFIED ALL INFORMATION AND HAVE MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION. Property Information and Showings Unrepresented buyers, please contact Kurt at kurt@prodigyprop.com with questions or to schedule a tour.  Receiver may, in its sole discretion, accept or reject any offer or bid, for any reason, at any time, without notice

FOR SALE DETAILS

PRICE

$200,000 USD

PRICE/SF

$25 USD /SF

# OF UNITS

8

PRICE/UNIT

$25,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,283 SF

ZONING

R2

APN/PARCEL ID

651-0049-0209

ASK ABOUT THIS PROPERTY

Jeff LaneProdigy PropertiesMore Info
513-841-7000

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Jeff LaneProdigy PropertiesMore Info
513-841-7000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.