512 Sheridan Avenue Dayton, OH 45403

This is an excellent opportunity for a profitable multi-family investment property, ideally located near Wright-Patterson Air Force Base and Wright State University. Comprising three apartments and a detached two-car garage, this property spans across two parcels. When fully leased, generating a gross income of $1,975 per month ($625 for each one and $100 for the garage). The average net income stands at $1,500 monthly. Extensive renovations were completed in December 2019. Tenants are responsible for their gas and electric bills, while the landlord covers water, sewer, and trash, amounting to approximately $250 quarterly.

Renovation details per unit are as follows:

Unit 1: Features LVP flooring, fresh paint, ceiling fans, updated cabinets, new countertops, bathroom vanity, toilet, air conditioning, water heater (2020), new refrigerator (2023), newer furnace (2021), and closet doors.
Unit 2: Includes reconditioned wood floors, new paint, ceiling fans, painted cabinets, bathroom vanity, air conditioning (2020), new refrigerator (2023), and water heater (2020).
Unit 3: Offers reconditioned wood floors, fresh paint, three ceiling fans, bathroom vanity, toilet, air conditioning, and water heater.
Each unit is equipped with updated 100-amp electrical panels with breaker system and washer/dryer hookups. The garage is fitted with a 30-amp panel and there is dedicated off-street parking available. Appliances included in the sale are three refrigerators, three ranges, and three air conditioning units.