Property Description
Turn-key 6-unit apartment building offering a rare combination of dependable cash flow, low management intensity, and tenant stability. Fully leased (3-year lease) to a responsible tenant that pays utilities and manages common day-to-day maintenance items. Built-in renewal clause ensuring income growth of 5% after the initial term ending in 2028. Annual Gross Rental Income (years 1-3) 77,544; and 81,420 years 4. The property has been fully renovated, and capital improvement investment details are available. Operating expenses are minimal, long-term viability, and strong market demand.
Address Map
USA
OH
Dayton
45403
45403
400 N Cherrywood Avenue
Dayton, Ohio, 45403, United States
12 Bedrooms
6 Bathrooms
4,536 Sqft
$640,000
Listing ID #1991543
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 1991543
Ref ID : 80494850-eee5-4624-92e1-8239a7b95f37
Price : $640,000
Bedrooms : 12
Bathrooms : 6
Square Footage : 4,536 Sqft
Lot Area : 7,840.80 Sqft
MLS : 944872
Alabama Real Estate | Alaska Real Estate | Arizona Real Estate | Arkansas Real Estate | California Real Estate | Colorado Real Estate
Connecticut Real Estate | Delaware Real Estate | Florida Real Estate | Georgia Real Estate | Hawaii Real Estate | Idaho Real Estate
Illinois Real Estate | Indiana Real Estate | Iowa Real Estate | Kansas Real Estate | Kentucky Real Estate | Louisiana Real Estate
Maine Real Estate | Maryland Real Estate | Massachusetts Real Estate | Michigan Real Estate | Minnesota Real Estate | Mississippi Real Estate
Missouri Real Estate | Montana Real Estate | Nebraska Real Estate | Nevada Real Estate | New Hampshire Real Estate | New Jersey Real Estate
New Mexico Real Estate | New York Real Estate | North Carolina Real Estate | North Dakota Real Estate | Ohio Real Estate | Oklahoma Real Estate
Oregon Real Estate | Pennsylvania Real Estate | Rhode Island Real Estate | South Carolina Real Estate | South Dakota Real Estate | Tennessee Real Estate
Texas Real Estate | Utah Real Estate | Vermont Real Estate | Virginia Real Estate | Washington Real Estate | West Virginia Real Estate