2326 Norwood Ave 12 Unit Apartment Building $1,145,000 ($95,417/Unit) Norwood, OH 45212

Some capital improvements started in 2016 with a new boiler, and then in 2020 the owner put on a new roof, double hung windows (approx 80), painted the exterior and remodeled the laundry room and common areas.
All 12 units were remodeled starting in 2020 with new mid-level cabinets and granite countertops, new toilets and vanities and new LVT.  
Unit #7 was turned into a 2 bedroom and the current owner is getting $1,100 for that unit as other 1 bedroom units are getting around 925.
You will see that the utilities jumped up significantly in the past year.  That is not a normal amount.  Norwood had been even billing the owner for years.  They finally did a meter read and the bill was in the 10s of thousands of dollars as a fixture had been running without check for a very long time.  The problem was corrected but the owner has to pay the delinquent water bill.
Here are a few other answers to questions that have been asked:
1) Annual insurance currently is $5304
2) There is no waste removal fee, it’s part of Norwood taxes
3) The rubber roof was it last replaced in 2021
4) The heating system is hot water, boiler was replaced in 2016
5) The A/C units that are on site are provided by tenants 
6) Coin laundry is split with Cincinnati Coin Laundry
7) Units are about 925sf. 1 beds run between $875 and $950
2 beds are $1100
8) All new gas stoves in all units in the last 4 years 
9)  The basement is massive and mostly unused. Not exactly sure how you would convert that to money making space (short of some paid onsite storage) but someone creative might be able to. I c
10) One note on that is the utilities. They are $4800 ($24,900 instead of $20,100) higher than they should/would be due to even billing error by Norwood over a 10 year period.