Listing Courtesy of: Tammy Lambert - Bruns Realty Group, LLC
$1,000,000
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308 S Patterson Boulevard Dayton, OH 45402
Other
Residence
9
Beds
9
Baths
7,968
Sq. Ft.
0.15
Acre
Lot
Property Overview
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20% increase in rents since 2019! This 9 unit multi family opportunity sits at the mouth of the historic Oregon District in the SE quadrant of Downtown Dayton. This two story building with a full basement contains four 1 bedroom units facing Patterson Blvd and four slightly larger units facing the... rear private parking lot and alleyway behind the building. Unit 9, in the lower level, is HUGE and has windows in each room of the unit. The lower level also has laundry and storage facilities for the tenants. The building operates on boiler heat and the gas boiler was completely rebuilt in 2017. The electric was updated in 2018 and the meter banks moved to the exterior of the building. Roof repairs, stucco repairs and new exterior painting was completed in 2020. Rents increased by 20% from 2019 to date and are on track to jump by another 8%-10% for 2021 despite the pandemic. The building qualifies for historic tax credits and sits in the Opportunity Zone.
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MLS#
832607
Property Type
Other
Bedrooms
9
Bathrooms
9 Full
Year Built
1900
Square Feet
7,968
sq. ft
Lot Size
0.15
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Example seller's savings based on a total commission of 3.99% vs. a traditional 6%. It is subject to change based on agreement between seller and agent.
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