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47-49 Burkhardt Avenue

Dayton, OH 45403
  • $275,000
  • STATUS: Active
  • ON SITE: 231 Days
  • MLS #: 837542
UPDATED: 1 min ago
$275,000
  • 7
    BEDS
  • 0.16
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 5,719
    SQFT
  • $48
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:
Area:

School Ratings & Info

School District:

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 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 9.2% return and a strong 14.5% on proforma/market rents.

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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 The Westheimer Group 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 2021-12-01T08:03:47.18.
www.thewestheimergroup.com/homes/116061142
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47-49 Burkhardt Avenue Dayton, OH 45403

  • Price: $275,000
  • Status: Active
  • On Site: 231 Days
  • Updated: 1 min ago
  • MLS #: 837542
7
Beds
8
Baths
0
½ Baths
0.16
Acres
5,719
SQFT
$48
$/SQFT
1953
Built
Neighborhood:
City/Dayton
County:
Montgomery
Area:
Dayton
School District:
Dayton
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 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 9.2% return and a strong 14.5% on proforma/market rents.
Exterior Features

Construction Type Stucco Garage None Lot Dimensions irregular Lot Size Source Assessor's Data Outside Features Covered Patio

Interior Features

Basement FinishedFullWalkout Baths Total 8.00 Heating Electric

Property Features

Assessments Of Record Cooling Central Distressed Property None Property Sub Type 5+ Units Transaction Type Sale Zoning Multiple

Listing provided courtesy of Tammy A Lambert of Bruns Realty Group, Llc. © 2021 Dayton Area Board of REALTORS® MLS. Information Deemed Reliable But Not Guaranteed.

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 The Westheimer Group 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 2021-12-01T08:03:47.18.
 
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The Westheimer Group
8534 Yankee Street, Suite 1B
Dayton OH, 45458