3836 S Madison Ave Norwood OH 45212

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3836 S Madison Ave

Norwood, OH 45212

Suburb: Norwood

$450,000

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Amazing opportunity! Just appraised for $500,000 in May 2024. Zoned for religious worship or residential use, this property boasts over 5,000 square feet of finished space. Just 1.5 miles from Oakley Square and Hyde Park Square, the building features a stunning sanctuary that seats 175, complete with a stage, modern sound system, and overhead lighting. The expansive basement has a fully equipped kitchen and a spacious dining area/lounge (42' x 27') in the lower level. The property includes five classrooms, two small offices, and four half baths. The driveway on Hudson adds convenience, with ample street parking available. Recent upgrades include new HVAC systems (2021-2022), a sump pump (2019), and a roof (2020). It's conveniently located near Rookwood Shopping Center, Factory 52, Birdie's Coffee Shop, and Xavier University, with easy access to I-71 and Norwood Lateral. Owner/agent.

Directions

From Rookwood Shopping Center take Smith Rd. to L. on Williams Ave. to left on S. Madison to the corner of Hudson Ave. and S. Madison.

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Property Details

General Information

Property Type	Commercial
Style	Commercial
Suburb	Norwood
County	Hamilton
Zip Code	45212
MLS#	1823683

Additional Information

No. of Buildings	1
Levels	2 Story
Zoning	Commercial, Residential
Best For	Church
New Construction	No
Lease Only	No
Price/Sq. Ft.	0
Gross Income
Semi-Annual Taxes

Property Features

Construction	Brick
Total Acres	0.15
Gas	Natural
Water	Public
Sewer	Public
Foundation	Poured

Additional Features

Basement	Full
Parking	On Street
Heating	Gas, Forced Air
Cooling	Central Air
Access Road	Public

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Points, Annual Property Taxes, Annual Insurance and Private Mortgage Ins. (PMI) are all optional. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Property taxes and insurance are combined under escrow.

If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance (PMI) to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require PMI. One such case might be apprciation of the real estate.)

Points are charges that are normally due at closing. Borrowers (normally only in USA) may select to pay a lender "points" up front in exchange for a lower interest rate. Points are expressed in percent and are calculated on the amount borrowed. 3 points on a $200,000 mortgage equals $6,000. If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule.

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The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the MLS of Greater Cincinnati, Inc. Real estate listings held by brokerage firms other than Comey & Shepherd Realtors are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not be all the properties available through Broker Reciprocity.

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