$355,000

47-49 Burkhardt Ave

Dayton OH, 45403

Description

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 marketwhich 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 7.66% return and a strong 12% on proforma/market rents.

Details

MLS#837542
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1953
Days On Site32

Features

SQ Feet5,719
Building(s)1
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Area Information
StateOH
CountyMontgomery
CityDayton
Zip Code45403
AreaMontgomery
Listing VS Median (in 45403)
Price:
$355,000
low | high
Med:
$71,000
100% of Average
SqFt:
5,719
low | high
Med:
1,238
100% of Average
$ / SqFt:
$62
low | high
Med:
$57
57.609046849757% of Average
On Site:
32
low | high
Med:
92
34.782608695652% of Average
Sourced by Back At You
Listing Updated: May 15, 2021 9:11:43 AM PDT
Tammy A Lambert LogoMLS Number: 837542
Listing Provided By:
Tammy A Lambert  of  Bruns Realty Group LLC
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Dayton Area Board of Realtors.