About This Home
This 1-bedroom, 1-bathroom residential multi family at 115 E Norman Avenue in Dayton, OH is listed for $237,900 ($57 per sqft). Built in 1950, the home offers 4,176 sqft of living space on a 0.16 acres lot.
Key Features
- Built in 1950
- 0.16 acre lot
- 2 stories
Property Details
Excellent investment opportunity! Full-brick, two-story four-family property built in 1950 offering 4,176 square feet and four 1-bedroom apartments, all currently leased at $750/month. Gross rental income is $36,000 annually, providing immediate income from day one.
Units 3 and 4 have been recently updated and remodeled, representing approximately $14,500 in seller capital improvements. Tenants pay electric and trash; owner pays property taxes, water, lawn care and snow removal. Annual property taxes are approximately $3,332.
Full basement with glass-block windows. Rear parking plus additional off-street parking. Convenient Norman Avenue location with easy access to I-75, downtown Dayton, University of Dayton, hospitals, dining and entertainment. Approximately one mile to I-75 and downtown.
Solid value for an investor seeking an income-producing multifamily property with all four units already occupied. *expences listed include property taxes plus some expences, not all expences, waiting to receive total expences and breakdown of expences to arrive at a total expence and accurate NOI.
Monthly Cost Estimate
$1,272/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
115 E Norman Avenue
Dayton, OH 45405
City/Dayton Rev
Features & Amenities
Interior Features
Property Details
Construction
Parking
Heating
Appliances
Questions & Answers
This 1-bedroom, 1-bathroom residential multi family at 115 E Norman Avenue is listed at $237,900 ($57/sqft). The estimated monthly payment is $1,272 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1950, 0.16 acre lot, 2 stories. Interior Features: CeilingFans.
This property is listed by Philip L Herman and can be reached at 9373054838.
