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$254,900
Est. payment /mo
8 Beds
4 Baths
4,956 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,956 sqft
Price per Sqft $51
MLS Listing ID 965178
Bedrooms 8
Full Baths 4
Year Built 1951
Annual Tax Amount $3,408
Lot Size 5,662 Sqft
Lot Dimensions 40x137
Property Sub-Type 2-4 Units
Property Description
Back on the market due to the previous buyer losing financing, giving you another opportunity to grab this solid brick fourplex just minutes from Downtown Dayton. Two of the four units are currently occupied, each paying $800 per month plus a $50 monthly water surcharge, generating $1,700 per month and $20,400 annually in current gross income. The other two units are now vacant, creating immediate upside for an investor or an outstanding house hacking opportunity.
An investor could lease both vacant units and, even at the same rents currently being collected, increase potential gross income to approximately $3,400 per month and $40,800 annually. Or live in one vacant unit and rent the other three, with potential rental income of approximately $2,550 per month if the third unit rents at the same rate as the existing units. Actual future rents may vary based on market conditions.
Tenants pay their own gas and electric, along with the monthly water surcharge. Both vacant units are available to tour now, while occupied units may be viewed following an accepted contract to minimize tenant disruption. With existing income already in place, two immediately available units, and multiple ways to maximize cash flow, this property offers tremendous flexibility for both investors and owner occupants. Whether you are expanding your portfolio or looking to live in one unit while your tenants help offset your housing costs, this fourplex deserves a serious look. Schedule your showing today.
An investor could lease both vacant units and, even at the same rents currently being collected, increase potential gross income to approximately $3,400 per month and $40,800 annually. Or live in one vacant unit and rent the other three, with potential rental income of approximately $2,550 per month if the third unit rents at the same rate as the existing units. Actual future rents may vary based on market conditions.
Tenants pay their own gas and electric, along with the monthly water surcharge. Both vacant units are available to tour now, while occupied units may be viewed following an accepted contract to minimize tenant disruption. With existing income already in place, two immediately available units, and multiple ways to maximize cash flow, this property offers tremendous flexibility for both investors and owner occupants. Whether you are expanding your portfolio or looking to live in one unit while your tenants help offset your housing costs, this fourplex deserves a serious look. Schedule your showing today.
Location
State OH
County Montgomery
Zoning Residential
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air, Natural Gas
Cooling None
Exterior
Parking Features None
Utilities Available 220 Volt Outlet, Natural Gas, Public Water
Building
Structure Type Brick
Schools
School District Dayton
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Listed by eXp Realty
Nearby Locations
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