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Eric Free

eric@ericfree.com +1(937) 657-6595

$ 640,000

Est. payment -/mo

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Pending

400 N Cherrywood Avenue Dayton, OH 45403

12 Beds

6 Baths

4,536 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type 5+ Units

Listing Status Pending

Purchase Type For Sale

Square Footage 4,536 sqft

Price per Sqft $141

MLS Listing ID 944872

Bedrooms 12

Full Baths 6

Year Built 1966

Annual Tax Amount $6,400

Lot Size 7,840 Sqft

Lot Dimensions irregular

Property Sub-Type 5+ Units

Property Description

Turn-key 6-unit apartment building offering a rare combination of dependable cash flow, low management intensity, and tenant stability. Fully leased (3-year lease) to a responsible tenant that pays utilities and manages common day-to-day maintenance items. Built-in renewal clause ensuring income growth of 5% after the initial term ending in 2028. Annual Gross Rental Income (years 1-3) $77,544; and $81,420 years 4+. The property has been fully renovated, and capital improvement investment details are available. Operating expenses are minimal, long-term viability, and strong market demand.

Location

State OH

County Montgomery

Zoning Commercial

Rooms

Basement Slab

Kitchen Remodeled

Interior

Heating Electric, Forced Air

Cooling Central

Exterior

Exterior Feature Porch

Parking Features None

Utilities Available 220 Volt Outlet, City Water, Natural Gas, Sanitary Sewer, Storm Sewer

Building

Structure Type Brick

Schools

School District Dayton

Others

Ownership Corporate Owned

Listed by Coldwell Banker Heritage

SCHOOLSPROPERTIES

Elementary Schools 20

7

Beverly Gardens Elementary School

Public | KG - 4
7

Parkwood Elementary School

Public | KG - 5
6

Spinning Hills Middle School (5-6)

Public | 5 - 6
6

Saville Elementary School

Public | KG - 4
5

Pathway School of Discovery

Public | KG - 8
5

Horizon Science Academy Dayton Downtown

Public | KG - 8
5

Brantwood Elementary School

Public | KG - 4
5

Virginia Stevenson Elementary School

Public | KG - 5
5

Eastmont PreK-6 School

Public | PK - 6
4

Ruskin PreK-6 School

Public | PK - 6
3

Emerson Academy

Public | KG - 8
3

Cleveland PreK-6 School

Public | PK - 6
3

Kemp PreK-6 School

Public | PK - 6
2

Kiser PreK-6 School

Public | PK - 6
0

Holy Angels Elementary School

Private | KG - 8
0

Dayton Smart Elementary School

Public | KG - 2
0

Our Lady of the Rosary School

Private | KG - 8
0

St Anthony Elementary School

Private | KG - 8
0

Temple Christian School

Private | PK - 12
0

St Helen Elementary School

Private | PK - 8

Middle Schools 5

8

Dayton Early College Academy, Inc

Public | 7 - 12
5

Stivers School for the Arts

Public | 7 - 12
4

Wright Brothers Middle School

Public | 7 - 8
3

Mad River Middle School

Public | 6 - 8
1

Belmont High School

Public | 7 - 12

High Schools 3

3

Stebbins High School

Public | 9 - 12
2

Summit Academy Transition High School Dayton

Public | 9 - 12
0

Carroll High School

Private | 9 - 12

School and business data provided by Attom Data.

Eric Free

Realtor®/Team Lead

+1(937) 657-6595

Eric Free

400 N Cherrywood Avenue Dayton, OH 45403

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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400 N Cherrywood Avenue