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1762 Cleveland Ave
Norwood, OH 45212
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Sold by Court Appointed Receiver
- Online Auction Only
EXECUTIVE SUMMARY
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
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
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 750 |
PROPERTY TAXES
| Parcel Number | 651-0049-0209 | Improvements Assessment | $123,053 |
| Land Assessment | $21,280 | Total Assessment | $144,333 |
PROPERTY TAXES
Parcel Number
651-0049-0209
Land Assessment
$21,280
Improvements Assessment
$123,053
Total Assessment
$144,333
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