Description
11-unit multifamily investment opportunity with strong in-place income and additional revenue potential. The property consists of ten 2-bedroom, 1-bath units plus one efficiency/studio unit, with rents currently ranging from $550 to $844 per month. Two units also feature private enclosed porches. Tenants pay their own gas and electricity, helping limit owner-paid utility expenses. The property includes a private rear parking lot, four garage bays that could provide additional rental income, and separate management/office space in the basement. There is additional income potential through leasing the garage bays, optimizing below-market rents as units turn over, and making use of the basement office/management space where appropriate. Prime Dayton location near Grandview Hospital and downtown, with convenient access to public transportation and major interstates. An attractive opportunity for an investor seeking an established income-producing 11-unit property with multiple avenues for future revenue growth.
Details
| MLS # | 969236 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1947 |
| Days On Site | 42 |
| Listing Provided By | West Fork Realty Group LLC | Douglas Broomhall |
Features
| Bed(s) | 21 |
|---|---|
| Bath(s) | 11 Total |
| SQ Feet | 12,074 |
| Basement | Y |
| Acreage | 0.38 |
Taxes
| Property | 5494 |
|---|
Area Information
| State | OH |
|---|---|
| County | Montgomery |
| City | Dayton |
| Zip Code | 45405 |
| Area | Montgomery |
| Community Name | City/Dayton Rev |
| School District | Dayton |
| Listing VS Median (in City/Dayton Rev) | |
Price: $750,000 low | high Med: $135,000 sqft: 12,074 low | high Med: 1,157 $ / sqft: $62 low | high Med: $125 On site: 42 low | high Med: 46.5 | |
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Learn More About This Property
| State | OH |
|---|---|
| County | Montgomery |
| City | Dayton |
| Zip Code | 45405 |
| Area | Montgomery |
| Community Name | City/Dayton Rev |
| School District | Dayton |
| Listing VS Median (in City/Dayton Rev) | |
Price: $750,000 low | high Med: $135,000 sqft: 12,074 low | high Med: 1,157 $ / sqft: $62 low | high Med: $125 On site: 42 low | high Med: 46.5 | |