4431 Allison St - Apartments FOR SALE
Norwood, OH 45212 |
4431 Allison St
Norwood, OH 45212
HIGHLIGHTS
- Strong In-Place Income: Average rents of $1,494 per month with full occupancy (one unit down) provide immediate, stable cash flow and reliable returns
- Extensive Renovations: Recent upgrades include new Romex wiring, PVC plumbing, renovated units with premium finishes, and updated building systems
- Value-Add Potential: Completing the down unit (11th - two bedroom) creates instant upside by expanding the rent roll and increasing NOI
- Attractive Financing: Option to assume the 6.01% Freddie Mac SBL loan or secure new agency debt with higher leverage and interest-only features.
- Desirable Norwood Location: Near Factory 52, Xavier University, and Rookwood Commons with quick access to I-71 and I-75, supporting strong rent demand
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
The Allisonia
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
13318
STORIES
4
YEAR BUILT
1900
PARKING SPACES
7
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
651-0050-0219
