123 Stonemill Road, Dayton, OH 45409

Property Description

Fantastic investment opportunity. This 3 bedroom, 1 1/2 bath home with a desired screened-in front porch and back patio is located near Fitz Hall. Property is walking distance to many UD main campus amenities and numerous shops and restaurants; including the new Student Health Center, Timothy's, Milano's, and the historic Pine Club. Current owner has a zoning certificate from the City of Dayton that establishes the property with its current layout is suitable to house up to 5 tenants, although there is unfinished attic space that is also plumbed for an additional bathroom by previous owner, and an additional toilet in the unfinished basement. Both have renovation potential to add additional living spaces/ rental capacity to your investment. Currently leased through May 12th by 4 tenants at $6k per student, per semester. Property has never been rented during summer semester so there is even more potential to maximize your annual return. 2021-2024 has averaged $47,000 gross rent collected per year. This is a great property to add to your investment portfolio, or to gain equity while attending UD. Appliances and most furnishings can convey. New Lennox furnace, air conditioner, and new water heater installed in 2021. Tenants will need 24 hours notice for any showing requests and may be present during showings. Room sizes are approximate, rely on own measurements. Gas fireplace should be in operating order, but is not used by tenants and not warranted. Offer deadline is 3pm Monday Feb 3rd and will be presented at 4pm. Sellers reserve the right to accept an offer at any time.