559/561 Evergreen Avenue, Dayton, OH 45402
- $107,400
- 3
- BD
- 2
- BA
- List Price
- $107,400
- Price Change
- ▼ $12,600 1773553952
- MLS#
- 949256
- Status
- ACTIVE
- City
- Dayton
- Bedrooms
- 3
- Full Bathrooms
- 2
- Year Built
- 1929
Property Description
INVESTOR ALERT — CASH-FLOWING DUPLEX WITH EVEN MORE UPSIDE! This well-maintained duplex is already generating $1,200/month with long-term tenants on month-to-month leases. Both units are rented at below-market rates ($600 each), offering immediate potential to increase rents to $750–$800/unit with light cosmetic updates. Additional highlights: 2024 roof replacement—major expense already handled Tenants pay for all electric, lowering operating costs Expandable layout: unfinished basement offers opportunity to add a 3rd unit or additional living space Flexible floor plan allows easy conversion back to a single-family home Great for first-time investors looking to own an income-producing property while learning real estate management on a small, manageable scale, with a solid 9.3% cap rate right from the start. Perfect for buy-and-hold investors or anyone looking to add stable, appreciating cash flow to their portfolio. Sold As-Is.
Additional Information
- Basement Desc
- Partial
- Appliances
- Refrigerator, Gas Water Heater
- Garage Desc
- Driveway, No Garage
- Cooling
- None
- Heating
- Forced Air
- School District
- Dayton
- Zoning
- Residential
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Courtesy of Kimberly A Wattermann ABR and RE/MAX Victory + Affiliates
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