2072 ELM AVE, NORWOOD, OH 45212-2175

Court Appointed Receiver Sale – 2072 Elm Ave. A 23-unit multifamily property located at the corner of Elm and Station Ave. The brick apartment building consists of 22 studio units, and one 1-bedroom unit. 6 units are currently occupied, providing in-place rental income with significant upside potential through lease-up and future rent growth. The property is conveniently located near public transportation, neighborhood retail, and major employment corridors, supporting long-term rental demand and value-add potential.

Bidder Registration

All prospective bidders must be pre-approved to bid.

Prospective bidders seeking approval must submit the following items no later than June 10, 2026:

1. 1. Click Sign Up, and create an account
   2. Request Authorization and e-sign the Purchase and Sale Agreement
   3. Submit a $15,000 participation deposit (email [email protected] to request wiring instructions after requesting authorization and e-signing the Purchase and Sale Agreement)
   4. Once the Purchase and Sale Agreement has been signed and the $15,000 participation deposit has been wired, your account will be reviewed, unlocked, and you will be approved to begin bidding.

Auction Date / Times

Auction Starts: Live Now

Auction Ends: June 11, 2026 @ 2pm ET

Sale Terms

• A 10% (ten percent) buyer's premium will be added to the highest acceptable bid to determine the final purchase price
• As-Is, Where-Is
• Sold free and clear of all liens
• Taxes are prorated of the day of closing
• Receiver will convey insurable title
• Financing contingencies are not permitted
• Due diligence contingencies are not permitted
• Subject to court approval
• Winning bidder must wire a ten percent (10%) deposit (minus the participation deposit) to escrow holder by 11am ET June 12, 2026

Photos, marketing comments, and due diligence items are provided for guidance purposes only. All information provided is believed to be true, but cannot be guaranteed or warranted. It is up to the bidder to verify due diligence reports and any / all code violations prior to bidding, to the extent any exist. BY BIDDING ON THIS PROPERTY, THE BIDDER REPRESENTS THEY HAVE INDEPENDENTLY VERIFIED ALL INFORMATION AND HAVE MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION.

Property Information and Showings

Unrepresented buyers, please contact Kurt at [email protected] with questions or to schedule a tour.

Receiver may, in its sole discretion, accept or reject any offer or bid, for any reason, at any time, without notice