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400 N Cherrywood Avenue
Dayton, OH 45403
FOR
SALE
$640,000
Active
12
Beds
6
Baths
4,536
Sq.Ft.
0.18
Acres
1966
Yr. Built
MLS# 944872
Cumulative Days on Market: 50 (since October 3rd, 2025) Data provided by the MLS.

Property Description

Turn-key 6-unit apartment building offering a rare combination of dependable cash flow, low management intensity, and tenant stability. Fully leased (3-year lease) to a responsible tenant that pays utilities and manages common day-to-day maintenance items. Built-in renewal clause ensuring income growth of 5% after the initial term ending in 2028. Annual Gross Rental Income (years 1-3) $77, 544; and $81, 420 years 4+. The property has been fully renovated, and capital improvement investment details are available. Operating expenses are minimal, long-term viability, and strong market demand.

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Property Highlights

Price
$640,000
Property Type
Residential Income
Bedrooms
12
Total Bathrooms
6
Living Area
4,536
Price / Sq Ft
$141
Acres
0.18
Year Built
1966

Location

County
Montgomery
Subdivision
City/Dayton
Zoning
Commercial
Zoning Description
Commercial

Property Details

Price
$640,000
Property Type
Residential Income

Building

Stories
3
Total Area
4,536

Community

Local Schools

School District
Dayton

Interior Features

Bedrooms and Bathrooms

Bedrooms
12
Full Bathrooms
6
Total Bathrooms
6

Area and Spaces

Number of Units
6

Appliances

Appliances
Microwave, Range, Refrigerator

Interior Features

Interior Features
Remodeled
Window Features
Double Pane Windows, Insulated Windows

Heating and Cooling

Heating Features
Electric, Forced Air

Building Details

Construction

Foundations
Slab
Year Built
1966

Materials

Construction Materials
Brick

Terms

Terms

Ownership
Corporate Owned
Special Terms
Conventional

Heating, Cooling & Utilities

Cooling Features
Central Air

Utilities

Sewer
Storm Sewer
Utilities
Natural Gas Available, Sewer Available, Water Available
Water Source
Public

Lot

Acres
18
Lot Dimensions
irregular
Lot Size
7,841
Lot Size Area Sq Ft
7,841

Exterior Features

Exterior Features
Porch
Patio And Porch Features
Porch

Parking

Parking Features
No Garage, Parking Lot, Private
Listed by Coldwell Banker Heritage.
Listing Data last updated 11/21/2025 08:00 pm
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Property History

7 days ago
Property information last updated
50 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 50 (since October 3rd, 2025) Data provided by the MLS.

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Listing Data last updated: 11/21/2025 08:00 pm
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400 N Cherrywood Avenue - MLS#944872 - $640,000
Listed by Coldwell Banker Heritage

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