Excellent investment opportunity! Full-brick, two-story four-family property built in 1950 offering 4,176 square feet and four 1-bedroom apartments, all currently leased at $750/month. Gross rental income is $36,000 annually, providing immediate income from day one. Units 3 and 4 have been recently updated and remodeled, representing approximately $14,500 in seller capital improvements. Tenants pay electric and trash; owner pays property taxes, water, lawn care and snow removal. Annual property taxes are approximately $3,332. Full basement with glass-block windows. Rear parking plus additional off-street parking. Convenient Norman Avenue location with easy access to I-75, downtown Dayton, University of Dayton, hospitals, dining and entertainment. Approximately one mile to I-75 and downtown. Solid value for an investor seeking an income-producing multifamily property with all four units already occupied. *expences listed include property taxes plus some expences, not all expences, waiting to receive total expences and breakdown of expences to arrive at a total expence and accurate NOI.
Details
MLS #
970536
Listing Type
For Sale
Status
Active
Year
1950
Days On Site
7
Listing Provided By
RE/MAX Real Estate Specialists | Philip L Herman
Features
Bed(s)
1
Bath(s)
1 Total
SQ Feet
4,176
Basement
Y
Acreage
0.16
Taxes
Property
3332
Area Information
State
OH
County
Montgomery
City
Dayton
Zip Code
45405
Area
Montgomery
Community Name
City/Dayton Rev
School District
Dayton
Listing VS Median (in City/Dayton Rev)
Price: $237,900
low | high
Med: $135,000
93.253467843632% of Average
sqft: 4,176
low | high
Med: 1,224
100% of Average
$ / sqft: $57
low | high
Med: $110
43.605815592315% of Average
On site: 7
low | high
Med: 170
4.117647058824% of Average
Sourced by Back At You
MLS Number: 970536
Philip L Herman – (937) 305-4838 – phil@philherman.com
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