Contract for Assignment:
💥ADDRESS: 3523 Pittsburg Ave. Dayton Ohio 45406 💥
**Can Cashflow well at a low buy-in**
4 Units:
2 bed 1 bath- Rented
2 bed 1 bath - Needs Rehabbed
1 bed 1 bath - Rented
Efficiency- Rented
Currently Cash Flowing at $1,210 monthly
ARV: $85,000
Asking $42,900
Market Rent is about $600 per unit, and maybe $400-$450 for the efficiency
- Unit 1 is downstairs, front unit. You walk in to an enclosed porch area. Then it will have 2 bedrooms. This unit currently needs a full rehab and is not inhabitable at the moment.
- Unit 2 is also downstairs, on the side, and it is a 1 bedroom, one bath and has baseboard heat. Tenant is in place and is month to month at $420 per month. Tenant has been there 2 years.
- Unit 3 is upstairs and around the back. It is a 2 bedroom, one bath. This tenant is on a 1 year lease and still has about 10 months left. They pay $440 per month. Tenant has been there 3 years.
- Unit 4 is on the other side of the property, and also an upstairs unit. This is an efficiency but it is very spacious and has an area used for a bedroom that makes it different than most efficiency units. This tenant is also on a month to month lease, and pays $350 per month.
Each Unit has their own water heater, including the unit that is in need of rehab.
Electric has been updated. All 4 units are metered separate.
All units use baseboard heat and there is no gas service at the property.
All Tenants pay their own utilities.
This home is off Klepinger Rd, in the Ft. McKinley area
*No back taxes or liens!
*Quick close! Cash Only! Must be able to close within 7-10 days!!
*NO rent to own, NO owner financing, NO payments.
*Do your due diligence and submit your HIGHEST and BEST offers.
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