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