7
See all 7 photos
$120,000
Est. payment /mo
3 Beds
2 Baths
Active
559/561 Evergreen Avenue Dayton, OH 45402
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Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 949256
Bedrooms 3
Full Baths 2
Year Built 1929
Annual Tax Amount $810
Lot Dimensions 40X89
Property Sub-Type 2-4 Units
Property Description
INVESTOR ALERT — CASH-FLOWING DUPLEX WITH EVEN MORE UPSIDE!
This well-maintained duplex is already generating $1,200/month with long-term tenants on month-to-month leases. Both units are rented at below-market rates ($600 each), offering immediate potential to increase rents to $750–$800/unit with light cosmetic updates.
Additional highlights:
2024 roof replacement—major expense already handled
Tenants pay for all electric, lowering operating costs
Expandable layout: unfinished basement offers opportunity to add a 3rd unit or additional living space
Flexible floor plan allows easy conversion back to a single-family home
Great for first-time investors looking to own an income-producing property while learning real estate management on a small, manageable scale, with a solid 9.3% cap rate right from the start.
Perfect for buy-and-hold investors or anyone looking to add stable, appreciating cash flow to their portfolio.
Sold As-Is.
This well-maintained duplex is already generating $1,200/month with long-term tenants on month-to-month leases. Both units are rented at below-market rates ($600 each), offering immediate potential to increase rents to $750–$800/unit with light cosmetic updates.
Additional highlights:
2024 roof replacement—major expense already handled
Tenants pay for all electric, lowering operating costs
Expandable layout: unfinished basement offers opportunity to add a 3rd unit or additional living space
Flexible floor plan allows easy conversion back to a single-family home
Great for first-time investors looking to own an income-producing property while learning real estate management on a small, manageable scale, with a solid 9.3% cap rate right from the start.
Perfect for buy-and-hold investors or anyone looking to add stable, appreciating cash flow to their portfolio.
Sold As-Is.
Location
State OH
County Montgomery
Zoning Residential
Rooms
Basement Partial
Interior
Interior Features Gas Water Heater, High Speed Internet, Paddle Fans, Smoke Alarm(s)
Heating Forced Air
Cooling None
Exterior
Exterior Feature Porch
Parking Features None
Utilities Available 220 Volt Outlet, City Water, Storm Sewer
Building
Structure Type Frame
Schools
School District Dayton
Listed by RE/MAX Victory + Affiliates
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