OH > Dayton
Dayton, OH 45403,400 N Cherrywood Avenue
Dayton, OH 45403,400 N Cherrywood Avenue
Dayton, OH 45403,400 N Cherrywood Avenue
Dayton, OH 45403,400 N Cherrywood Avenue
Dayton, OH 45403,400 N Cherrywood Avenue
Dayton, OH 45403,400 N Cherrywood Avenue
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Trent Barga

Trent Barga

+1(937) 203-6111
$ 640,000
Est. payment | /mo

12 Beds

6 Baths

4,536 SqFt

Save
$ 640,000
Est. payment | /mo
Save

12 Beds

6 Baths

4,536 SqFt

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 $141

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 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

Others

Ownership Corporate Owned

Dayton MLS (DTON)
Listed by Coldwell Banker Heritage
Trent Barga

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(937) 203-6111

trent@thebargateam.com

17 W Linden Ave, Miamisburg, OH, 45342, USA

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400 N Cherrywood Avenue