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.
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
What's special
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#: 927882
Originating 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