Value Add Triplex

5208 Globe Avenue Norwood, OH 45212

5208 Globe Avenue, Norwood, OH, 45212
5208 Globe Avenue, Norwood, OH, 45212
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$249,900
Last Verified:
Apr 16, 2024

Highlights

  • Triplex - ARV $300,000+
  • Part of a portfolio of 5 buildings / 12 units, can be sold separately or together
  • Desirable Norwood location
  • Value add opportunity - below market rents

Description

1

Norwood


Year Built: 1918
Building Size: 1540sq ft
Lot Size: 0.05 acres

Map of 5208 Globe Avenue, Norwood, OH, 45212

Presented by:
Keller Williams Cincinnati

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Jennifer Donathan


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.