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$160,000
Est. payment /mo
6 Beds
2 Baths
2,696 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,696 sqft
Price per Sqft $59
MLS Listing ID 965740
Bedrooms 6
Full Baths 2
Year Built 1913
Annual Tax Amount $1,218
Lot Size 4,321 Sqft
Lot Dimensions Irregular Dimensions
Property Sub-Type 2-4 Units
Property Description
Excellent investment opportunity at 114–116 Ridge Avenue! This updated side-by-side duplex features two spacious 3-bedroom, 1-bath units. Unit 114 is currently rented for $795 per month, while Unit 116 is vacant and available for showings or immediate lease-up. Estimated market rent is approximately $1,100 per unit, offering potential gross rental income of $2,200 per month.
Approximately $40,000 in total improvements have been completed, including new furnaces in both units, remodeled interiors, updated electrical and plumbing, and new attic insulation. Interior updates include flooring, paint, kitchen countertops, light switches, hinges, tubs, vanities, and toilets. Both units also feature relatively new appliances. A new roof was installed in 2024 (not included in listed financial improvements).
With one occupied unit providing immediate income, one vacant unit ready for placement, and substantial improvements already completed, this duplex offers an attractive combination of cash flow and additional rental upside for its next owner.
Approximately $40,000 in total improvements have been completed, including new furnaces in both units, remodeled interiors, updated electrical and plumbing, and new attic insulation. Interior updates include flooring, paint, kitchen countertops, light switches, hinges, tubs, vanities, and toilets. Both units also feature relatively new appliances. A new roof was installed in 2024 (not included in listed financial improvements).
With one occupied unit providing immediate income, one vacant unit ready for placement, and substantial improvements already completed, this duplex offers an attractive combination of cash flow and additional rental upside for its next owner.
Location
State OH
County Montgomery
Zoning Residential
Rooms
Basement Other
Interior
Heating Conversion Gravity, Forced Air
Cooling Other
Exterior
Parking Features None
Building
Structure Type Aluminum
Schools
School District Dayton
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Listed by BHHS Professional Realty
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