Sold: Jan 27, 2022
Address
47-49 Burkhardt Avenue Dayton, OH
Price
$ 275,000
Property Attributes
  • MLS#837542
  • TypeMulti-Family
  • CountyMONTGOMERY
  • CityDayton
  • Zip45403
  • Style
  • Price$ 275,000
  • Bedrooms7
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage5719
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
Tammy A Lambert with Bruns Realty Group, LLC -
Data Source:
Dayton Ohio MLS (DTON)
Property Description

9.89% Return on Investment at asking! This 8-unit multi family apartment building is a great opportunity for a first-time investor. Long term tenants are all parked on M2M leases. Rents are all well below market—which represent immediate upside potential for any new owner. This asset actually contains three parcels and includes on site, off street, parking for the tenants. There are two long term tenants on SEC 8 who were recertified/inspected in Sept. and Nov. of 2020. The property has 7 one-bedroom units and 1 efficiency located on the lower level. The Seller is currently using that as a maintenance closet but has successfully rented it in the past and any new owner could too! Seller has always self-managed –any new owner could too --another reason this is a smart and EASY investment for any buyer. At asking, the property represents a 9.2% return and a strong 14.5% on proforma/market rents.

Price History
4/13/2021 Listed $355,000
7/5/2021 15% - $305,000
9/30/2021 4% - $295,000
11/16/2021 7% - $275,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 45403

Price
AVG $220K
$280K

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