16 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. 270-274 Nottingham Rd consists of two large 8 unit buildings with 16 one bed/one bath apartments. Current rents are stable, but there is more meat on the bone for the new buyer to increase rents for huge value add over the next several months. All new leases are coming in at or above $750 with still room to increase if desired as the fair market rent for this area is $800. All vacant units are rehabbed and ready to be rented out and currently being marketed for lease. All utilities except water and trash are separated and paid by tenant. Water and trash paid by the owner with a monthly fee charged back to the tenants on top of the leased amount. New owner could move towards a RUBS program to provide more value add, but this is a cash flowing property at a great entrance price that you can not find in most parts of our country. Do not miss your opportunity to scoop up this great 16 unit complex on two parcels with no major lifting to be done and basically turn key! Parcels: E20 17007 0021 and E20 17007 0022 must be bought together. financials provided based on pro-forma not actual. For more details and to contact: https://realtyww.info/homes_dayton-d527214/for-sale_i71010166