4431 Allison St | Norwood, OH 45212
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4431 Allison St
Norwood, OH 45212
The Allisonia · Multifamily Property For Sale
·
11 Units
INVESTMENT 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
- Value-Add Potential: Completing the down unit (11th - two bedroom) creates instant upside by expanding the rent roll and increasing NOI
- Desirable Norwood Location: Near Factory 52, Xavier University, and Rookwood Commons with quick access to I-71 and I-75, supporting strong rent demand
- Extensive Renovations: Recent upgrades include new Romex wiring, PVC plumbing, renovated units with premium finishes, and updated building systems
- Attractive Financing: Option to assume the 6.01% Freddie Mac SBL loan or secure new agency debt with higher leverage and interest-only features.
PROPERTY FACTS
| No. Units | 11 | Building Size | 13,318 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1900/2022 |
| Building Class | C | Parking Ratio | 0.53/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | R3 | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 13,318 SF |
| Average Occupancy | 90% |
| No. Stories | 4 |
| Year Built/Renovated | 1900/2022 |
| Parking Ratio | 0.53/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | $1,249 | 833 |
| 3+1.5 | 1 | $2,170 | 1,669 |
| 3+2 | 3 | $1,870 | 1,277 |
PROPERTY TAXES
| Parcel Number | 651-0050-0219 | Improvements Assessment | $215,324 |
| Land Assessment | $26,600 | Total Assessment | $241,924 |
PROPERTY TAXES
Parcel Number
651-0050-0219
Land Assessment
$26,600
Improvements Assessment
$215,324
Total Assessment
$241,924
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