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5148 Milan Ave 12 Unit Apartment Building $575,000 ($47,917/Unit) Norwalk, OH 44857
Investment Highlights
- Conveniently Located On Major Route
Executive Summary
Excellent Investment Opportunity! Discover the potential of this 12-unit apartment building, ideally located near shopping and everyday conveniences. The property features a mix of mostly one-bedroom units with a few efficient apartments, perfect for attracting a variety of tenants. Enjoy peace of mind with many long-term tenants already in place, offering consistent income from day one. Each unit includes its own range and refrigerator (12 of each), plus the building is equipped with two-zone boiler heating and dual 250-gallon hot water tanks for efficiency and comfort. Whether you're expanding your portfolio or diving into multi-family ownership, this property offers location, stability, and potential. Don't miss out! Co Listed with Linda Armstrong.
Physical address is: 5148 Us Highway 250 N., Norwalk, OH 44857
Physical address is: 5148 Us Highway 250 N., Norwalk, OH 44857
Property Facts
| Price | $575,000 | Apartment Style | Low-Rise |
| Price Per Unit | $47,917 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| No. Units | 12 | Building Size | 6,000 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1970 |
| Price | $575,000 |
| Price Per Unit | $47,917 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 6,000 SF |
| No. Stories | 1 |
| Year Built | 1970 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
1 1
Property Taxes
| Parcel Number | 27-0030-03-054-0100 | Improvements Assessment | $125,460 |
| Land Assessment | $7,260 | Total Assessment | $132,720 |
Property Taxes
Parcel Number
27-0030-03-054-0100
Land Assessment
$7,260
Improvements Assessment
$125,460
Total Assessment
$132,720
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5148 Milan Ave
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