Description
Turnkey Duplex Investment at 116 Bellaire Ave. This income-producing property offers immediate cash flow with a 7.3% cap rate (professionally managed) and an 8.8 GRM. The 1,725 sq ft building features two fully leased 2-bed, 1-bath units generating $1,750/month ($850 lower/$900 upper). Tenants pay their own utilities, owner covers water/trash ($100/mo) and low annual taxes of $1,988. Each unit includes spacious living/dining areas and full basement access with laundry. Major capital improvements include a new roof (2025), concrete entrance steps (2026), main plumbing stack/sewer line replacement (2022), and upper-unit cosmetic/bathroom updates (2022). Includes a detached 2-car garage. Prime rental location just 1 mile from the University of Dayton, Miami Valley Hospital, and Brown Street dining, plus easy access to US-35, I-75, and WPAFB (7.4 miles). Financials and leases available upon request.
Details
| MLS # | 962715 |
|---|---|
| Listing Type | For Sale |
| Status | Pending/show For Backup |
| Year | 1945 |
| Days On Site | 42 |
| Listing Provided By | Keller Williams Community Part | Catherine A Cable |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,725 |
| Basement | Y |
| Acreage | 0.30 |
Taxes
| Property | 1988 |
|---|
Area Information
| State | OH |
|---|---|
| County | Montgomery |
| City | Dayton |
| Zip Code | 45420 |
| Area | Montgomery |
| Community Name | City/Dayton |
| School District | Dayton |
| Listing VS Median (in City/Dayton) | |
Price: $185,000 low | high Med: $122,500 sqft: 1,725 low | high Med: 1,172 $ / sqft: $107 low | high Med: $105 On site: 42 low | high Med: 57.5 | |
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Learn More About This Property
| State | OH |
|---|---|
| County | Montgomery |
| City | Dayton |
| Zip Code | 45420 |
| Area | Montgomery |
| Community Name | City/Dayton |
| School District | Dayton |
| Listing VS Median (in City/Dayton) | |
Price: $185,000 low | high Med: $122,500 sqft: 1,725 low | high Med: 1,172 $ / sqft: $107 low | high Med: $105 On site: 42 low | high Med: 57.5 | |