$400,000
$425,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
5 Baths
7,440 SqFt
SOLD DATE : 03/17/2025
Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,440 sqft
Price per Sqft $53
MLS Listing ID 926029
Sold Date 03/17/25
Bedrooms 8
Full Baths 5
Year Built 1968
Annual Tax Amount $7,036
Lot Size 9,583 Sqft
Lot Dimensions 60x160
Property Sub-Type 5+ Units
Property Description
Investor's Dream! This meticulously maintained 7-unit apartment building offers a prime opportunity for stable rental income. Featuring two spacious 1-bedroom, 1-bath units and five large 2-bedroom, 1-bath units, this property boasts excellent floor plans designed for tenant comfort and satisfaction.
Current monthly rental income totals $5,078, with 1-bedroom units renting at $615 and 2-bedroom units renting at $815. Tenants are responsible for their electric and gas utilities, minimizing owner expenses. Additionally, one tenant is currently paying $50/month for water and trash, and this utility bill-back can be extended to all leases upon renewal, further enhancing profitability.
With consistent rental demand and well-kept units, this property is an exceptional investment opportunity. Whether you're expanding your portfolio or seeking a solid income-producing asset, this 7-unit building is a must-see. Schedule your private tour today!
Location
State OH
County Montgomery
Zoning Residential
Rooms
Basement Full
Interior
Heating Natural Gas, Other
Cooling None
Exterior
Parking Features None
Building
Structure Type Brick
Schools
School District Dayton
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Bought with Coldwell Banker Heritage
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