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47-49 Burkhardt AVE DAYTON OH 45403
Listing Information
Price $275,000
Listing Number 837542

Driving Directions
Fifth Street to Burkhardt to 47-49 Burkhardt

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Agent Remarks
9.89% Return on Investment at asking! This 8-unit multi family apartment building is a great opportunity for a first-time investor. Long term tenants are all parked on M2M leases. Rents are all well below market—which represent immediate upside potential for any new owner. This asset actually contains three parcels and includes on site, off street, parking for the tenants. There are two long term tenants on SEC 8 who were recertified/inspected in Sept. and Nov. of 2020. The property has 7 one-bedroom units and 1 efficiency located on the lower level. The Seller is currently using that as a maintenance closet but has successfully rented it in the past and any new owner could too! Seller has always self-managed –any new owner could too --another reason this is a smart and EASY investment for any buyer. At asking, the property represents a 9.2% return and a strong 14.5% on proforma/market rents.

General Information
Property TypeMulti-Family
Style5+ Units
CountyMONTGOMERY
SubdivisionDayton
Zip Code45403
School DistrictDayton City SD
Listing Number837542
Property Features
BasementFinished, Full, Walkout
GarageNone
HeatingElectric
CoolingCentral
Multi-Family Information


Additional Information
ConstructionStucco
Lot Dimensionsirregular
OccupancyAt Closing, Tenant
Semi-Annual Taxes$1,845.68
Additional Features


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This listing courtesy of Bruns Realty Group, LLC. All Information is believed accurate, but is NOT guaranteed.
The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the Dayton Area Board of Realtors®. Real estate listings held by brokerage firms other than WebMLS are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not be all the properties available through Broker Reciprocity.
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