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$ 225,000
Est. payment /mo
Backups
404 Bruce Dayton, OH 45405
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type 5+ Units
Listing Status Backups
Purchase Type For Sale
MLS Listing ID 946650
Bedrooms 8
Full Baths 4
Year Built 1945
Lot Dimensions 80 x 138
Property Sub-Type 5+ Units
Property Description
This offering includes two properties that will be sold together in one transaction. The asking price is per building. The total for both buildings is $450,000. The combined portfolio includes eight units located at 404 and 410 E Bruce Avenue, with four units per building. Each unit consists of two bedrooms and one bathroom. The entire portfolio is vacant and ready for leasing, upgrades or repositioning.
Based on the U.S. Department of Housing and Urban Development (HUD) 40th percentile Special Area Fair Market Rent (SAFMR) of approximately $1,070 per month for two-bedroom units in this market, the annual potential gross income for all eight units at full occupancy would be approximately $102,720 (8 units x $1,070 x 12 months).
This is a strong opportunity for an investor to acquire a multi-unit property in a single transaction and benefit from immediate income potential and value-add possibilities.
Based on the U.S. Department of Housing and Urban Development (HUD) 40th percentile Special Area Fair Market Rent (SAFMR) of approximately $1,070 per month for two-bedroom units in this market, the annual potential gross income for all eight units at full occupancy would be approximately $102,720 (8 units x $1,070 x 12 months).
This is a strong opportunity for an investor to acquire a multi-unit property in a single transaction and benefit from immediate income potential and value-add possibilities.
Location
State OH
County Montgomery
Zoning Residential
Rooms
Basement Unfinished
Interior
Heating Natural Gas
Cooling Central
Exterior
Parking Features None
Building
Structure Type Brick
Schools
School District Dayton
Others
Ownership Corporate Owned
Listed by Howard Hanna Real Estate Serv