Triplex in Dayton, OH with 24%+ ROI!

[Steven Leigh]

***Selling my equitable interest***

Estimated 19.32% CAP RATE

For Sale
Sale Price:$20,000 OBO
Estimated Rental Ready Repairs: $60,000+

Address of property: 315 Wyoming St, Dayton OH 45410

# of Bedrooms: 4+
# of bathrooms: 3+
# of Garage spaces: 4 parking spots. No garage available
Basement: Partial basement
Sqft PRC: 1968 sqft

Best exit strategy: Use for UD student housing
Property Class: C+/B-
Estimated market rents: $2000+ per month
Estimated Comps: n/a
Valuation based on rents:100,000 (2% rule or other)
Yearly Taxes: $1217
Yearly Insurance: $1200
Vacancy (5% of gross rents): $100/month
Management (8% of gross rents): $160/month
CapEx: $250/month
NOI(Net Operating Income): $1288
Cap Rate (NOI/Valution based on rents): 19.32%

Description of property: Historic South Park Triplex that requires an extensive renovation. Property is located in an ideal location directly across fromt the University of Dayton and Miami Valley Hospital. Best use of property would be to renovate and convert it to student housing.
List features: Updated electrical panel and plenty of rooms to be converted for student housing.
Repair list: Everything.

FULL SET OF PHOTOS HERE:

https://goo.gl/photos/ckM8e6SSAr7yGqWWA

Contact Steve Leigh

[email protected]

937-239-4992