24 Fernwood Ave - Apartments FOR SALE


Dayton, OH 45405- North Riverdale
$245,000 USD
937-287-5129
24 Fernwood Ave, Dayton, OH for Sale
$245,000 USD
Apartments - FOR SALE
1/17
null | 8.27% Cap Rate

24 Fernwood Ave
Dayton, OH 45405
North Riverdale


HIGHLIGHTS

  • Tenants pay for their own heat and electricity
  • New roof in 2021
  • Many improvements to the building
  • Fully Occupied

OVERVIEW

Introducing an exceptional opportunity for Multifamily investors in the Dayton area. This low maintenance all brick 4,500 SF building comprises of four 1-bedroom, four 1-bath apartment units, and offers a solid investment in a thriving market. Built in 1951 and zoned ER-4, the property features 100% occupancy, ensuring immediate returns for savvy investors. With a strategic location and a track record of full occupancy, this investment promises strong rental demand and consistent cash flow. Don't miss your chance to secure a valuable asset in the dynamic Dayton market. Recent improvements include a new roof installed in 2021, four new heat pumps installed in 2023, new floors, new windows and appliances installed in early 2021 in three units, two new water heaters installed in 2026. Tenants pay for their own heat and electricity. Seller self-manages the property. Two parcels: R72 06310 0076, 0077.

FOR SALE DETAILS

PRICE

$245,000 USD

PRICE/SF

$54 USD /SF

# OF UNITS

4

PRICE/UNIT

$61,250

CAP RATE

8.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

ER-4

APN/PARCEL ID

R72-06310-0076

ASK ABOUT THIS PROPERTY

Doug BroomhallWest Fork Realty Group, LLCMore Info
937-287-5129

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Doug BroomhallWest Fork Realty Group, LLCMore Info
937-287-5129

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.