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Cash-Flowing Fourplex Beauty in Dayton, OH!! 24 Fernwood Ave 4 Unit Apartment Building $295,000 ($73,750/Unit) Dayton, OH 45405
INVESTMENT HIGHLIGHTS
- Potential to increase rent from $550 to $600
- Upgraded features: Complete remodeling of three units, new waterproof Vinyl Plank Flooring, new new Vinyl windows, two new heat-pump installed in 2023
EXECUTIVE SUMMARY
Property Type: Fourplex (4 Unit Multifamily) solid brick.
Monthly rental income: Two units rented for $600/month, two units are rented for $600/month
Each unit: 1 bedroom, 1 bathroom
Roof: Complete new roofing installed in 2021
Heat Pumps: Two heat pumps installed in 2023
Tenants pay for heat and electricity.
Upgraded features: Complete remodeling of three units, new waterproof Vinyl Plank Flooring, new new Vinyl windows, two new heat-pump installed in 2023, complete new roofing installed in 2021
Separate entrances for each unit
Amenities: Detached 4 Car Garage, Unfinished Basement
Potential to increase rent from $550 to $600, remodel garage and rent it out
Buyer to assume tenants
Monthly rental income: Two units rented for $600/month, two units are rented for $600/month
Each unit: 1 bedroom, 1 bathroom
Roof: Complete new roofing installed in 2021
Heat Pumps: Two heat pumps installed in 2023
Tenants pay for heat and electricity.
Upgraded features: Complete remodeling of three units, new waterproof Vinyl Plank Flooring, new new Vinyl windows, two new heat-pump installed in 2023, complete new roofing installed in 2021
Separate entrances for each unit
Amenities: Detached 4 Car Garage, Unfinished Basement
Potential to increase rent from $550 to $600, remodel garage and rent it out
Buyer to assume tenants
PROPERTY FACTS
| Price | $295,000 | Building Class | C |
| Price Per Unit | $73,750 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 4,500 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1951/2021 |
| Apartment Style | Garden | ||
| Zoning | ER-4 - Outlines the regulations for land use and development within the city. | ||
| Price | $295,000 |
| Price Per Unit | $73,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1951/2021 |
| Zoning | ER-4 - Outlines the regulations for land use and development within the city. |
AMENITIES
UNIT AMENITIES
- Heating
- Yard
- Basement
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $625.00 | - |
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PROPERTY TAXES
| Parcel Number | R72-06310-0076 | Improvements Assessment | $41,440 |
| Land Assessment | $3,890 | Total Assessment | $45,330 |
PROPERTY TAXES
Parcel Number
R72-06310-0076
Land Assessment
$3,890
Improvements Assessment
$41,440
Total Assessment
$45,330
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Galaxy Investment
Cash-Flowing Fourplex Beauty in Dayton, OH!! | 24 Fernwood Ave
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