4-Unit Gunckel Avenue Dayton Ohio 424 Gunckel Ave 4 Unit Apartment Building $229,000 ($57,250/Unit) 9.50% Cap Rate Dayton, OH 45410
INVESTMENT HIGHLIGHTS
- Long history of income producing property with low vacancy.
EXECUTIVE SUMMARY
424-426 Gunckel Avenue
Dayton, Ohio 45410
Great Investment Opportunity. 4-unit with gross income of $33,060/year. Each apartment is a large, 1-bedroom and 1-full bathroom. Turnkey rental property. Updated electric to all new breakers in 2023. Tenants pay their own electric. Two furnaces and two water heaters. Each unit comes with a refrigerator and stove. Separate, exterior entrances for all 4 units. Tons of storage space in attic and basement. Original woodwork, pocket doors, hardwood floors. Close to University of Dayton, I-75, Miami Valley Hospital, and Route 35. 2,600 square feet finished. Basement is unfinished.
Potential to increase revenue by installing laundry room in basement.
424 = $900/month
424 ½ = $505/month
426 = $700/month
426 ½ = $650/month
Not looking for any realtor representation. Will pay commission to buyer’s agent.
Call Jared at 937-232-0214.
Dayton, Ohio 45410
Great Investment Opportunity. 4-unit with gross income of $33,060/year. Each apartment is a large, 1-bedroom and 1-full bathroom. Turnkey rental property. Updated electric to all new breakers in 2023. Tenants pay their own electric. Two furnaces and two water heaters. Each unit comes with a refrigerator and stove. Separate, exterior entrances for all 4 units. Tons of storage space in attic and basement. Original woodwork, pocket doors, hardwood floors. Close to University of Dayton, I-75, Miami Valley Hospital, and Route 35. 2,600 square feet finished. Basement is unfinished.
Potential to increase revenue by installing laundry room in basement.
424 = $900/month
424 ½ = $505/month
426 = $700/month
426 ½ = $650/month
Not looking for any realtor representation. Will pay commission to buyer’s agent.
Call Jared at 937-232-0214.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
| Price | $229,000 |
| Price Per Unit | $57,250 |
| Sale Type | Investment |
| Cap Rate | 9.50% |
| Gross Rent Multiplier | 7.5 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Size | 4,952 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1905 |
UNIT AMENITIES
- Hardwood Floors
- Carpet
- Yard
- Attic
- Basement
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 of 1
CONTACT
-
Tim Stonecash - Lead Dog Investments, LLC
