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0 Burkhardt Avenue, Dayton, OH 45403

Courtesy of: Bruns Realty Group, LLC
9.2% 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.

Jill Aldineh

To preview this property call

Jill Aldineh - RE/MAX Victory
(937) 303-1888

"Jill came to our initial interview VERY prepared, and brought with her an infectious enthusiasm (as well as her daughter/business associate). She made such an overwhelming presentation that we, immediately after, cancelled any other interviews we had planned, and decided to hire her team. We were not disappointed!! Jill is extremely organized, and her motto must be "Why wait?" Things began to happen immediately. Pictures were scheduled. Ad copy was written by a professional. We signed an agreement on Sunday, and by Tuesday, our house was listed, Wednesday it was featured in the local paper, and on Thursday we signed a contract to sell. Jill didn't stop there. Closing was scheduled for 3 weeks later. Whatever detail needed to be addressed, she took care of. Any questions that we had, she answered. She scheduled required inspections, attended them on our behalf, and arranged for repairs to be done promptly to satisfy the buyers and inspectors. Throughout, she kept us informed, and was always available. We could not have been more impressed with her work, or more satisfied. We unreservedly recommend her services. Oakwood's Best!"     Read more....

By Andy Janovsky
428 Monteray Ave. Oakwood, OH 45419

Listings specifications
School District Dayton City SD
Sq.Ft. 5719
Property Type Multi-Family
Bedrooms 7
Baths 8
1/2 Baths 0
Lot Size 6970
Construction Stucco
Zip Code 45403
Year Built 1953
Acres 0.16
Basement Finished, Full, Walkout
Cooling Central
Heating Electrictric
Lot Dimentions irregular
Lot Square Footage 6970
Outside Features Covered Patio
Parcel Number R72 04404 0004
Subdivision Name C
Taxes Semi Annual 1845.68 Class Login to