This property at 1501 Riverside Dr. , Dayton, OH45405 has listed by Damon  Massey but has not been updated for quite some time. Please contact the listing agent and broker for up to date information.

1501 Riverside Dr.
Dayton, OH45405

$130,000

Multi Family

14 beds14 full baths11584 sqft

Year built: 1910

14 UNIT INVESTMENT PROPERTY NEEDS TLC

14 unit BRICK BUILDING. If you are looking for a CASH COW, this is it. 40% of the work has been completed and needs to be finished. Has brand new roof and half of the windows are new. Needs $50K-$55K to finish the project. Can rent apartments for $500 a month. Taxes-$5,119.18 yearly $500 month per unit Gross monthly income-$7,000 Gross yearly income-$84,000 Yearly expenses-$19,000 NOI-$65,000 ARV-320k You will have $200K into this project with the building reselling for $320K the cap rate would be 20%. This deal is dirt CHEAP!!! DRIVE BY AND TAKE A LOOK. CONTRACT FOR SALE REQUIRE $10K

More details

14 unit building for sale. If you are looking for a CASH COW, this is it. 40% of the work has been completed and needs to be finished. Has brand new roof and half of the windows are new. Needs $50K-$55K to finish the project. Can rent apartments for $500 a month. 
14 units
Taxes-$5,119.18 yearly
$500 month per unit
Gross monthly income-$7,000
Gross yearly income-$84,000
Yearly expenses-$19,000
NOI-$65,000
ARV-320k

You will have $200K into this project with the building reselling for $320K the cap rate would be 20%. This deal is dirt CHEAP!!!
DRIVE BY AND TAKE A LOOK. CONTRACT FOR SALE. REQUIRE $10,000 DEPOSIT. 

Damon  Massey

Flip Columbus, LLC
614-636-2897
Listed by: D. Kirk Investments, LLC

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