400 N Cherrywood Avenue, Dayton, OH 45403

Local realty services provided by:ERA Petkus Weiss
400 N Cherrywood Avenue,Dayton, OH 45403
$640,000
  • 12 Beds
  • 6 Baths
  • 4,536 sq. ft.
  • Multi-family
  • Active
Listed by: terri d'andrea, ezra rosen937.620.1307
Office: coldwell banker heritage
MLS#:944872
Source:OH_DABR

Price summary

  • Price:$640,000
  • Price per sq. ft.:$141.09

About this home

Turn-key 6-unit apartment building offering a rare combination of dependable cash flow, low management intensity, and tenant stability. Fully leased (3-year lease) to a responsible tenant that pays utilities and manages common day-to-day maintenance items. Built-in renewal clause ensuring income growth of 5% after the initial term ending in 2028. Annual Gross Rental Income (years 1-3) $77,544; and $81,420 years 4+. The property has been fully renovated, and capital improvement investment details are available. Operating expenses are minimal, long-term viability, and strong market demand.

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Home facts

  • Year built:1966
  • Listing ID #:944872
  • Added:76 day(s) ago
  • Updated:December 19, 2025 at 04:14 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:6
  • Full bathrooms:6
  • Living area:4,536 sq. ft.

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Year built:1966
  • Building area:4,536 sq. ft.
  • Lot area:0.18 Acres

Finances and disclosures

  • Price:$640,000
  • Price per sq. ft.:$141.09

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