2134 Ross Avenue, Norwood, OH 45212

Comments for 2134 Ross Avenue, Norwood, OH 45212

Excellent multifamily investment opportunity in Norwood! This professionally managed, fully occupied 8-unit apartment building is located in a high-demand rental market and offers stable in-place income. The property generates $7,115 in gross monthly rental income, exceeding the commonly referenced 1% rule, making it an attractive option for investors focused on cash flow. Most units have been updated with a modern look, appealing to today's renters and supporting strong occupancy. The property features on-site laundry providing additional income, and tenants pay their own gas and electric, helping keep operating expenses low. The building also benefits from a membrane roof that was replaced in 2019, along with various capital improvements over time, including updates to select water heaters and furnaces. Conveniently located near major employers, shopping, dining, and transportation, this well-maintained asset presents a solid opportunity for investors.