17 bedroom house for sale

Overview

This property is for sale by online auction only. Auction is live and ends 7:07 PM on 5/23/2024. List price is opening bid. Calling all investors looking for a great value add project with huge upside. 3340 Germantown is a rare find having a total of 20 units and a commercial space with a total of 3 parcels in all. The main building consists of 16 one bedroom/one bathroom units, 8 of the units in the main building are currently being leased or actively being marketed to be leased, but 8 of the units in the main building were unfortunately affected by a fire last year and will need rehabbed. This will require a new roof over the 8 units that were affected. Demo and cleanout have already been completed in all 8 units and new plumbing has already been ran to all 8 units. Only 3 of those units will need a complete rehab as the fire was contained in one unit. 5 units will not need a complete rehab and only require cosmetic rehab. This 16 unit building was completely rehabbed in 2021 and was a well performing cash cow. These buildings offer shared laundry facilities. Each tenant is responsible for their own gas and electric and the utilities in the main building are separated. Water and trash are paid by the owner with a fee charged back to the tenants. The mixed use commercial building has 4 total units, 3 studios and 1 one bed/one bath with two of them rent ready and in great condition and one of them occupied. The other two units will need a medium rehab completed to be rentable. The lower level has a large commercial area that could be rehabbed and rented out or transitioned into additional living units. It is ready for rehab currently. Total rehab estimate needed is approximately $100, 000-$150, 000. This is a great value add opportunity with enormous upside and the absolute potential to brrrr out of it very effectively. Parcels: R72 13315 0003, R72 13315 0006, and R72 13315 0004 all must be bought together. Financials based on pro-forma and not actual For more details and to contact: https://realtyww.info/homes_dayton-d527214/for-sale_i70999565