488 N Jay Street, West Milton, OH 45383

West Milton
Local realty services provided by:ERA Real Solutions Realty
488 N Jay Street,West Milton, OH 45383
$425,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: andrew c wade
Office: roby realty614-791-0050
MLS#:225022141
Source:OH_CBR

Price summary

  • Price:$425,000

About this home

488 N Jay is a fully occupied four-unit building offered together with the adjacent 490 N Jay as an eight-unit package. The buildings are being sold as one transaction and will not be divided. All four units are leased, producing $3,700 per month / $44,400 annually in gross scheduled rent. Combined with 490 N Jay, the package produces $85,800 annually with a net operating income of $73,920 on current actuals. Owner-paid expenses across both buildings total $11,880 and are limited to insurance, taxes, landscaping, lawn treatment, trash, and repairs. Tenants pay all utilities except trash, which is served by a shared dumpster covering both properties. Expense figures do not include vacancy, management, capital reserves, or debt service. Unit 3 has been renovated and leases at $1,100 per month. The remaining units here rent at $850 and $900, giving a buyer an in-building comparable for the renovated rent level rather than a market assumption. Leases across both buildings expire on...

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Home facts

  • Year built:1963
  • Listing ID #:225022141
  • Added:416 day(s) ago
  • Updated:August 08, 2026 at 03:24 PM

Heating and cooling

  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:1963
  • Lot area:0.29 Acres

Finances and disclosures

  • Price:$425,000
  • Tax amount:$1,385
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor ERA Real Solutions Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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