Description
Very unique real estate investment opportunity. This property consists of 4 single family homes and a 2500 sq ft event space all on the same parcel. 3 of the single family homes are 2 bed 1 bath homes with a 2 car detached garage and 1 home has a 1 car attached garage. The last single family home is a 2bed 1 bath home that can easily be converted to a 3 bed home with a 2 car detached garage. The event space can continue to be used as an event space to rent or could be converted to a duplex with 2bed 1 bath on each side. All properties except for the possible 3 bed home share the same large parking lot. All units will need a full rehab. All buildings are concrete type exteriors. If event space was converted to a 2bed duplex then property would consist of 5 - 2 bed units and a 3 bed unit. Each 2 bed unit should rent for $1,000 per home and the 3bed should rent for $1,500. That would be $6,500 monthly and $78,000 annual rental return.
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8BEDS
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0.86ACRES
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6BATHS
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01/2 BATHS
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6,109SQFT
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$38$/SQFT
Description
Very unique real estate investment opportunity. This property consists of 4 single family homes and a 2500 sq ft event space all on the same parcel. 3 of the single family homes are 2 bed 1 bath homes with a 2 car detached garage and 1 home has a 1 car attached garage. The last single family home is a 2bed 1 bath home that can easily be converted to a 3 bed home with a 2 car detached garage. The event space can continue to be used as an event space to rent or could be converted to a duplex with 2bed 1 bath on each side. All properties except for the possible 3 bed home share the same large parking lot. All units will need a full rehab. All buildings are concrete type exteriors. If event space was converted to a 2bed duplex then property would consist of 5 - 2 bed units and a 3 bed unit. Each 2 bed unit should rent for $1,000 per home and the 3bed should rent for $1,500. That would be $6,500 monthly and $78,000 annual rental return.
The data relating to real estate for sale on this website comes in part from the Dayton Area Board of REALTORS® MLS IDX Database. Real estate listings held by brokerage firms other than NavX Realty are marked with the IDX logo and detailed information about them includes the name of the listing brokers. IDX information is 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. Information Deemed Reliable But Not Guaranteed. Data last updated 2025-02-13T00:04:13.913.
Listing provided courtesy of Andy Willoughby of Red 1 Realty: (937) 689-6134. © 2025 Dayton Area Board of REALTORS® MLS. Information Deemed Reliable But Not Guaranteed.