Berry Dr, Dayton, Home For Sale

house for sale

Listed: 06/25/24

21 Berry Dr, Dayton, Ohio, 45426

6 Bed:

3.5 Bath:

2,474 Sq Ft Living Area:

Price

$ 179,000

Sold

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About This House

Great Investment opportunity! Very profitable and low maintenance L-shaped triplex. Situated directly across from Trotwood-Madison Park Elementary school and at the end of a quiet cul-de-sac. All brick construction with recent roof, completely renovated in 2018 with all Luxury Vinyl Plank (LVP) flooring and all new appliances and cabinets. Hot water heaters replaced. Triplex has one 1-BR, one 2-BR, and one 3-BR apartment. Executed leases are in place for all 3 units: the 2-BR and 3-BR expire summer 2025 and the 1-BR in summer of 2026. Rents, considered little below market, are: $815 (3-BR), $710 (2-BR) and $600 (1-BR), totaling$2, 125/mo ($25, 500/year GROSS). Marginal difference in higher documented gross rent in 2022 and 2023 are from collected $50/month/apartment late fees after the 10th of month. Although rents are often after the 10th, there are no uncollected (arrears ) situations. Asking price represents approx 10.5% cap rate.

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