400 N Cherrywood Avenue, Dayton, OH 45403

Local realty services provided by:ERA Petkus Weiss
400 N Cherrywood Avenue,Dayton, OH 45403
$590,000
  • 12 Beds
  • 6 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: terri d'andrea, ezra rosen937.620.1307
Office: coldwell banker heritage
MLS#:944872
Source:OH_DABR

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Price summary

  • Price:$590,000

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:168 day(s) ago
  • Updated:March 21, 2026 at 06:28 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:6
  • Full bathrooms:6
  • Kitchen Description:Microwave, Range, Refrigerator

Heating and cooling

  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Year built:1966
  • Construction Materials:Brick
  • Exterior Features:Porch

Finances and disclosures

  • Price:$590,000