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1047-1055 Linden Ave 3 Unité Immeuble d’appartements 613 886 $ CAD (204 629 $ CAD/Unité) 11,02% Taux de capitalisation Dayton, OH 45410
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Faits saillants de l'investissement
- 4 COMMERCIAL SPACES | THREE 3-BED/ 1-BA APARTMENTS.
- BELOW MARKET COMMERCIAL RENTS- ALL MONTH TO MONTH.
- VALUE ADD- RESIDENTIAL UNITS ARE VACANT.
- DAYTON’S FIRST KROGER | LOCATED IN HISTORIC LINDEN HEIGHTS.
Résumé de l'annonce
The Lorain Building, located on the corner of Linden Ave. and Wilfred Ave., presents an excellent opportunity for investors seeking a cash-flowing property with value-add potential. Home of the original Dayton Kroger, the building also carries significant historical character and community recognition.
The property is comprised of 4 commercial units, all currently rented, and 3 residential units, 3-Bed/1-Ba. The residential units likely need new paint and flooring to achieve market rents of approximately $1,100 per month. The commercial tenants are currently month-to-month, allowing for immediate rent adjustments.
Comparable sales in the area show single-family homes ranging from $135K–$160K and duplexes in the $200K range, supporting the value of this property with its three 3-bedroom residential units and four commercial spaces.
The current owner recently had residential tenants vacate with plans to complete renovations personally but has since relocated out of state, leaving the property ready for a new investor to complete updates and stabilize income quickly. Just before, the units were rented at an average of $750/Month in their current condition. A proposal for new windows and flooring (approx. $15,000) is available and will be shared with serious buyers.
(Property is agent owned.)
Financial Summary
Current Gross Income (all residential units vacant): $31,200
Previous Gross Income (with residential units rented at $750/month): $65,400
Projected Gross Income (at market residential rents, without adjusting commercial rents): $70,800
Estimated Operating Costs: $20,000 (low & self-managed)
The property is comprised of 4 commercial units, all currently rented, and 3 residential units, 3-Bed/1-Ba. The residential units likely need new paint and flooring to achieve market rents of approximately $1,100 per month. The commercial tenants are currently month-to-month, allowing for immediate rent adjustments.
Comparable sales in the area show single-family homes ranging from $135K–$160K and duplexes in the $200K range, supporting the value of this property with its three 3-bedroom residential units and four commercial spaces.
The current owner recently had residential tenants vacate with plans to complete renovations personally but has since relocated out of state, leaving the property ready for a new investor to complete updates and stabilize income quickly. Just before, the units were rented at an average of $750/Month in their current condition. A proposal for new windows and flooring (approx. $15,000) is available and will be shared with serious buyers.
(Property is agent owned.)
Financial Summary
Current Gross Income (all residential units vacant): $31,200
Previous Gross Income (with residential units rented at $750/month): $65,400
Projected Gross Income (at market residential rents, without adjusting commercial rents): $70,800
Estimated Operating Costs: $20,000 (low & self-managed)
Faits sur la propriété
| Prix | 613 886 $ CAD | Sous-type de propriété | Appartement |
| Prix par unité | 204 629 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,20 AC |
| Taux de capitalisation | 11,02% | Taille du bâtiment | 9 674 pi² |
| Nombre d’unités | 3 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1930 |
| Zonage | MR-5 - Zonage MR-5, qui permet les habitations unifamiliales, bifamiliales, multifamiliales, les unités d'habitation accessoires (UHA) ainsi que l'utilisation commerciale. | ||
| Prix | 613 886 $ CAD |
| Prix par unité | 204 629 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 11,02% |
| Nombre d’unités | 3 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Classe d’immeuble | C |
| Taille du lot | 0,20 AC |
| Taille du bâtiment | 9 674 pi² |
| Nombre d’étages | 2 |
| Année de construction | 1930 |
| Zonage | MR-5 - Zonage MR-5, qui permet les habitations unifamiliales, bifamiliales, multifamiliales, les unités d'habitation accessoires (UHA) ainsi que l'utilisation commerciale. |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 3+1 | 3 | - | - |
1 1
Impôts fonciers
| Numéro de lot | R72-04006-0021 | Évaluation des bâtiments | 59 599 $ CAD |
| Évaluation du terrain | 8 850 $ CAD | Évaluation totale | 68 449 $ CAD |
Impôts fonciers
Numéro de lot
R72-04006-0021
Évaluation du terrain
8 850 $ CAD
Évaluation des bâtiments
59 599 $ CAD
Évaluation totale
68 449 $ CAD
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1047-1055 Linden Ave
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