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
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