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$ 1,250,000
Est. payment | /mo
20 Beds
20 Baths
8,730 SqFt
$ 1,250,000
Est. payment | /mo
20 Beds
20 Baths
8,730 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,730 sqft
Price per Sqft $143
MLS Listing ID 927882
Bedrooms 20
Full Baths 10
Half Baths 10
Year Built 1968
Annual Tax Amount $8,988
Lot Size 4,791 Sqft
Lot Dimensions 120x125
Property Sub-Type 5+ Units
Property Description
This fully renovated 10-unit townhome-style building presents an incredible investment opportunity with a strong, stable income stream. Offering a total of 20 bedrooms and 20 bathrooms, each of the units is currently leased at $1,200 per month, generating a consistent $12,000 in monthly rental income. The property is fully occupied under a three-year master lease agreement, with an automatic renewal option for an additional three years at a 5% annual rent increase.
Boasting a 10.4% cap rate, this turnkey investment is ideal for an investor seeking immediate returns and long-term stability. Tenants are responsible for all utilities, including water and trash, while the owner covers property taxes and insurance. Additionally, on-site management is in place, and tenants are responsible for maintenance and repairs under $300 or if damage is caused by them.
This property is an excellent opportunity for a buyer looking to acquire a low-maintenance, high-yield investment with minimal risk. Units will be available for showings upon acceptance of an offer, making it easy for the new owner to take over and enjoy the benefits of this prime property for years to come. Pictures do not show appliances, but all units have stainless steel appliances microwave, range, dishwasher and fridge.
Boasting a 10.4% cap rate, this turnkey investment is ideal for an investor seeking immediate returns and long-term stability. Tenants are responsible for all utilities, including water and trash, while the owner covers property taxes and insurance. Additionally, on-site management is in place, and tenants are responsible for maintenance and repairs under $300 or if damage is caused by them.
This property is an excellent opportunity for a buyer looking to acquire a low-maintenance, high-yield investment with minimal risk. Units will be available for showings upon acceptance of an offer, making it easy for the new owner to take over and enjoy the benefits of this prime property for years to come. Pictures do not show appliances, but all units have stainless steel appliances microwave, range, dishwasher and fridge.
Location
State OH
County Montgomery
Zoning Residential
Rooms
Basement Slab
Kitchen Granite Counters, Remodeled
Interior
Interior Features Attic
Heating Forced Air, Natural Gas
Cooling Central
Exterior
Parking Features None
Utilities Available 220 Volt Outlet, City Water, Natural Gas, Sanitary Sewer
Building
Structure Type Brick,Frame
Schools
School District Dayton
Others
Ownership Agent Owned
Listed by Coldwell Banker Heritage
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James May
Realtors | Lic# 3002249