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607 Watervliet Ave

3,131 SF 75% Leased Office Building Dayton, OH 45420 $265,000 ($85/SF)

Investment Highlights

  • High Traffic area
  • Centrally located
  • Popular business district

Executive Summary

LIVE HERE! WORK HERE! Money making building. I have owned and used this building for a real estate office since 2017. I also live in the apartment when I am working in Dayton. I am currently working in 3 markets outside Dayton, but I have decided to shift to warmer climates! It has been a great office building for me, and especially easy to use the Dayton airport to fly in and out of different markets. There are 3 separate office spaces. Two were rented when I first purchased the building, and now only one is rented because I chose to occupy most of the building for my office and for storage. There is also an apartment where I stayed when I worked in the area. The front was built out before I purchased the building. The rear is an old house that I remodeled with new insulation, and drywall. The apartment has a new kitchen, and there's a bathroom with a new shower and new laundry room. There are two full baths and two half baths in the building. Office furniture and newer appliances are negotiable. In the rear, there is a 2300 SF parking lot, and a full unfinished basement with 4 furnaces, updated breaker boxes, and new basement windows. It is move-in ready for you to start collecting rents. This property is located in the Belmont Business District between Smithville Rd. and Wayne Ave. It is also centrally located between the University of Dayton and Wright State University. It would be a great investment for a student who wants to go into the commercial rental business and live on site. It is a very versitile building. There are more photos available. The photos that are uploaded are not all of the rooms. Please do not disturb the tenant.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $19,355 $6.18
Other Income - -
Vacancy Loss - -
Effective Gross Income $19,355 $6.18
Taxes $3,000 $0.96
Operating Expenses $2,400 $0.77
Total Expenses $5,400 $1.72
Net Operating Income $13,955 $4.46

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $19,355
Annual Per SF $6.18
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $19,355
Annual Per SF $6.18
Taxes
Annual $3,000
Annual Per SF $0.96
Operating Expenses
Annual $2,400
Annual Per SF $0.77
Total Expenses
Annual $5,400
Annual Per SF $1.72
Net Operating Income
Annual $13,955
Annual Per SF $4.46

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,131 SF
Building Class
C
Year Built/Renovated
1960/2023
Price
$265,000
Price Per SF
$85
Percent Leased
75%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,044 SF
Building FAR
0.60
Land Acres
0.12 AC
Zoning
Commercial & Residential - Zoning is mixed use - Commercial and Residential
Parking
7 Spaces (2.24 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Kitchen
  • Storage Space
  • Basement
  • Central Heating
  • Natural Light
  • Recessed Lighting
  • Shower Facilities
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Real Estate
  • 500 SF
  • $355.00
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Real Estate 500 SF $355.00 -
Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R72-14605-0057
Land Assessment
$4,970
Improvements Assessment
$22,380
Total Assessment
$27,350
Annual Taxes
$3,000 ($0.96/SF)
Tax Year
2023
  • Listing ID: 30657408

  • Date on Market: 1/13/2024

  • Last Updated:

  • Address: 607 Watervliet Ave, Dayton, OH 45420

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