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$ 660,000
Est. payment /mo
New
400 N Cherrywood Avenue Dayton, OH 45403
12 Beds
6 Baths
4,536 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,536 sqft
Price per Sqft $145
MLS Listing ID 944872
Bedrooms 12
Full Baths 6
Year Built 1966
Annual Tax Amount $6,400
Lot Size 7,840 Sqft
Lot Dimensions irregular
Property Sub-Type 5+ Units
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.
Location
State OH
County Montgomery
Zoning Commercial
Rooms
Basement Slab
Kitchen Remodeled
Interior
Heating Forced Air, Natural Gas
Cooling Central
Exterior
Exterior Feature Porch
Parking Features None
Utilities Available 220 Volt Outlet, City Water, Natural Gas, Sanitary Sewer, Storm Sewer
Building
Structure Type Brick
Schools
School District Dayton
Others
Ownership Corporate Owned
Listed by Coldwell Banker Heritage
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