$1,000,000

308 S Patterson Blvd

Dayton OH, 45402

Description

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.

Details

MLS#832607
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site5

Features

SQ Feet7,968
Building(s)1
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Area Information
StateOH
CountyMontgomery
CityDayton
Zip Code45402
AreaMontgomery
Listing VS Median (in 45402)
Price:
$1,000,000
low | high
Med:
$85,000
100% of Average
SqFt:
7,968
low | high
Med:
960
100% of Average
$ / SqFt:
$126
low | high
Med:
$21
100% of Average
On Site:
5
low | high
Med:
56
8.928571428571% of Average
Listing Updated: January 19, 2021 12:11:15 AM PST
Tammy A Lambert LogoMLS Number: 832607
Listing Provided By:
Tammy A Lambert  of  Bruns Realty Group LLC
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Dayton Area Board of Realtors.