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Sold for $950,000 on 06/20/25
  • $950,000

    1352 Saint Adelbert Ave, Dayton, OH 45404

    20beds
    8,730sqft
    Multi Family
    Built in 1968
    -- sqft lot
    $964,900 Zestimate®
    $109/sqft
    $-- Estimated rent

    Owner options

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    $6,217/mo

    Est. payment

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    $6,217/mo

    Est. payment

    What's special

    This fully renovated 10-unit townhome-style building presents an incredible investment opportunity with a strong, stable income stream. Offering a total of 20 bedrooms and 20 bathrooms, each of the units is currently leased at $1,200 per month, generating a consistent $12,000 in monthly rental income. The property is fully occupied under a three-year master lease agreement, with an automatic renewal option for an additional three years at a 5% annual rent increase. Boasting a 10.4% cap rate, this turnkey investment is ideal for an investor seeking immediate returns and long-term stability. Tenants are responsible for all utilities, including water and trash, while the owner covers property taxes and insurance. Additionally, on-site management is in place, and tenants are responsible for maintenance and repairs under $300 or if damage is caused by them. This property is an excellent opportunity for a buyer looking to acquire a low-maintenance, high-yield investment with minimal risk. Units will be available for showings upon acceptance of an offer, making it easy for the new owner to take over and enjoy the benefits of this prime property for years to come. Pictures do not show appliances, but all units have stainless steel appliances microwave, range, dishwasher and fridge.

    Zillow last checked: 8 hours ago

    Listing updated: June 24, 2025 at 05:22am

    Listed by:

    Conner Hardin (937)434-7600,

    Coldwell Banker Heritage

    Bought with:

    Tyler Everidge, 2020004351

    eXp Realty

    Source: DABR MLS,MLS#: 927882MLS LogoOriginating MLS: Dayton Area Board of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 20
    • Bathrooms: 20
    • Full bathrooms: 10
    • 1/2 bathrooms: 10
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Microwave, Range, Refrigerator
    Features
    • Attic, Granite Counters, Remodeled
    Interior area
    • Total structure area: 8,730
    • Total interior livable area: 8,730 sqft

    Property

    Parking
    • Parking features: No Garage, Parking Lot
    Lot
    • Size: 4,791 sqft
    • Dimensions: 120 x 125
    Details
    • Parcel number: R72167090044
    • Zoning: Residential
    • Zoning description: Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick, Frame
    • Foundation: Slab
    Condition
    • Year built: 1968

    Utilities & green energy

    • Water: Public
    • Utilities for property: Natural Gas Available, Sewer Available, Water Available

    Community & neighborhood

    Location
    • Region: Dayton
    • Subdivision: City/Dayton

    Other

    Other facts
    • Listing terms: Conventional,Owner May Carry,Other
    • Ownership: Agent Owned