$950,000
SOLD JUN 20, 2025
20 Beds
20 Baths
8,730 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$109 Per Sq Ft

24% Below List Price

41 Days on Market

Highlights

  • Attic
  • Granite Countertops
  • Forced Air Heating and Cooling System

About This Home

As of June 2025

This fully renovated 10-unit townhome-style building presents an incredible investment opportunity with a strong, stable income stream. Offering a total of 20 bedrooms and 20 bathrooms, each of the units is currently leased at $1,200 per month, generating a consistent $12,000 in monthly rental income. The property is fully occupied under a three-year master lease agreement, with an automatic renewal option for an additional three years at a 5% annual rent increase.
Boasting a 10.4% cap rate, this turnkey investment is ideal for an investor seeking immediate returns and long-term stability. Tenants are responsible for all utilities, including water and trash, while the owner covers property taxes and insurance. Additionally, on-site management is in place, and tenants are responsible for maintenance and repairs under $300 or if damage is caused by them.
This property is an excellent opportunity for a buyer looking to acquire a low-maintenance, high-yield investment with minimal risk. Units will be available for showings upon acceptance of an offer, making it easy for the new owner to take over and enjoy the benefits of this prime property for years to come. Pictures do not show appliances, but all units have stainless steel appliances microwave, range, dishwasher and fridge.

Last Agent to Sell the Property

Conner Hardin

Coldwell Banker Heritage Brokerage Phone: (937) 434-7600 Listed on: 02/11/2025

Coldwell Banker Heritage

Last Buyer's Agent

Tyler Everidge

eXp Realty License #2020004351

eXp Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 120x125

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 8,730 Sq Ft Home
  • 2-Story Property
  • Attic

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 20 Bedrooms

Parking

  • No Garage
  • Parking Lot

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, heat, sewer, trash collection, water
  • Assessor Parcel Number R72-16709-0044

Community Details

Overview

  • 10 Units
  • City/Dayton Subdivision

Building Details

  • Gross Income $144,000
  • Net Operating Income $131,501

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

0

Listing Details

  • Major Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Cooling System: Central Air
  • Property Sub Type: Multi Family
  • Year Built: 1968
  • Attribution Contact: (937) 434-7600
  • Lot Size Acres: 0.11
  • Co List Office Phone: (937) 434-7600
  • Ownership: Agent Owned
  • MLS Status: Closed
  • Living Area: 8730.0
  • Master Plan Zoning: Residential
  • Property Sub Type Additional: Multi Family
  • Special Features: None

Interior Features

  • Interior Amenities: Attic, Granite Counters, Remodeled
  • Property Type: Residential Income
  • Full Bathrooms: 10
  • Half Bathrooms: 10
  • Total Bedrooms: 20
  • Stories: 2

Exterior Features

  • Disclosures: Principal is Real Estate Licensed
  • Construction Type: Brick, Frame
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, Parking Lot

Utilities

  • Heating: Forced Air, Natural Gas
  • Utilities: Natural Gas Available, Sewer Available, Water Available
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Dayton

Lot Info

  • Lot Dimensions: 120x125
  • Lot Size Sq Ft: 4792.0
  • Parcel Number: R72-16709-0044
  • Zoning Description: Residential

Rental Info

  • Tenant Pays: Electricity, Gas, Heat, Sewer, Trash Collection, Water

Multi Family

  • Annual Gross Income: 144000.0
  • Property Net Operating Income: 131501.0
  • Number Of Units Total: 10

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 Sold $950,000 -24.0% $109 / Sq Ft
03/24/2025 03/24/25 Pending -- -- --
02/11/2025 02/11/25 For Sale $1,250,000 +247.2% $143 / Sq Ft
01/19/2024 01/19/24 Sold $360,000 -7.7% $41 / Sq Ft
12/16/2023 12/16/23 Pending -- -- --
12/06/2023 12/06/23 For Sale $390,000 -- $45 / Sq Ft
Source: Dayton REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Dayton REALTORS®

MLS Number: 927882

Dayton REALTORS®

APN: R72-16709-0044