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400 N Cherrywood Avenue, Dayton, OH 45403

Sold: 590000
Sold on: Mar 13th, 2026
$ Per Square Foot: $130
Sold: 590000
Sold on: Mar 13th, 2026
$ Per Square Foot: $130
SQUARE FEET4,536 MLS#944872
STATUSSold PROPERTY TYPEMulti Unit - Multiple SCHOOLDayton


Property Description

Turn-key 6-unit apartment building offering a rare combination of dependable cash flow, low management intensity, and tenant stability. Fully leased (3-year lease) to a responsible tenant that pays utilities and manages common day-to-day maintenance items. Built-in renewal clause ensuring income growth of 5% after the initial term ending in 2028. Annual Gross Rental Income (years 1-3) $77,544; and $81,420 years 4+. The property has been fully renovated, and capital improvement investment details are available. Operating expenses are minimal, long-term viability, and strong market demand.

Property Features

Cooling: Central
Heating: Electric, Forced Air
Lot Size: 0.18 Acres
Year Built: 1966

Feature Descriptions

Appliance Features: Microwave, Range, Refrigerator
Basement Features: Slab
Exterior: Brick
Lot Dimensions: irregular
Outside Features: Porch
Ownership: Corporate Owned
Utilities: 220 Volt Outlet, City Water, Natural Gas, Sanitary Sewer, Storm Sewer

Local Schools

School District: Dayton

Listed By / Sold By

Listed By

Agency Name: Coldwell Banker Heritage
Agency Phone: (937) 434-7600

Shown By

Agency Title: Wright Patt Realty
Agency Phone: 937-427-3662

Sold By

Agency Name: Test Office
Agency Phone: (937) 223-0900
Agent Name: Test Member

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