55
See all 55 photos
$1,200,000
Est. payment /mo
24 Beds
14 Baths
9,408 SqFt
New
1241 Devon Avenue Dayton, OH 45429
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Key Details
Property Type Multi-Family, Commercial
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,408 sqft
Price per Sqft $127
MLS Listing ID 950513
Bedrooms 24
Full Baths 14
Year Built 1971
Annual Tax Amount $14,800
Lot Size 0.620 Acres
Lot Dimensions irregular
Property Sub-Type 5+ Units
Property Description
Exceptional 13-unit multi-family investment opportunity consisting of a well-maintained 12-unit brick apartment building and a separate detached single-family home, offering strong cash flow and versatility in a proven rental market. The property features 11 spacious 2-bedroom units and 2 large 1-bedroom units, with the majority of units having been tastefully updated in recent years with modern kitchens, updated bathrooms, fresh paint, and contemporary flooring. Each individual unit is separately metered with its own water heater and forced-air furnace, allowing for tenant-paid utilities and simplified maintenance and accounting. The roof on the main building is less than 3 years old, providing long-term protection and significantly reducing near-term capital expenditure requirements. The inclusion of the detached single-family home adds flexibility for owner-occupancy, manager's residence, or additional rental income. This turnkey portfolio combines solid construction, recent improvements, low deferred maintenance, and excellent income potential through remaining cosmetic enhancements or market rent growth. Rent roll, and P & L available upon request. Properties of this caliber with individual mechanical systems and a newer roof do not last long—schedule your private showing today!
Location
State OH
County Montgomery
Zoning Residential
Rooms
Basement Crawl Space
Interior
Heating Electric, Forced Air
Cooling Central
Exterior
Parking Features None
Building
Structure Type Brick
Schools
School District Kettering
Listed by eXp Realty
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