$590,000
$640,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
400 N Cherrywood Avenue Dayton, OH 45403
12 Beds
6 Baths
4,536 SqFt
Key Details
Sold Price $590,000
Property Type Multi-Family, Commercial
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,536 sqft
Price per Sqft $130
MLS Listing ID 944872
Bedrooms 12
Full Baths 6
Year Built 1966
Annual Tax Amount $6,400
Lot Size 7,840 Sqft
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
Kitchen Remodeled
Interior
Heating Electric, Forced Air
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
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

Bought with Test Office
NEARBY SCHOOLS & BUSINESSES






