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$ 237,900
Est. payment | /mo
1 Bed
1 Bath
4,176 SqFt
$ 237,900
Est. payment | /mo
1 Bed
1 Bath
4,176 SqFt
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,176 sqft
Price per Sqft $56
MLS Listing ID 970536
Bedrooms 1
Full Baths 1
Year Built 1950
Annual Tax Amount $3,332
Lot Size 6,969 Sqft
Lot Dimensions 40x171
Property Sub-Type 2-4 Units
Property Description
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.
*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.
Location
State OH
County Montgomery
Zoning Multiple
Rooms
Basement Full, Unfinished
Interior
Interior Features Electric Water Heater, Paddle Fans, Smoke Alarm(s)
Heating Baseboard
Cooling Other
Exterior
Parking Features None
Utilities Available Public Water, Sanitary Sewer
Building
Structure Type Brick
Schools
School District Dayton
Listed by RE/MAX Real Estate Specialists
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