1049 Linden Ave Dayton, OH 45410

Located on the corner of Linden Ave. and Wilfred Ave., this building presents an opportunity for investors. The property, which once housed the original Dayton Kroger, has historical character and community recognition. It includes 4 commercial units, all currently rented, and 3 residential units, each with 3 bedrooms and 1 bathroom. The residential units may benefit from new paint and flooring to achieve market rents of approximately $1,100 per month. The commercial tenants are currently on month-to-month leases, allowing for rent adjustments. Comparable sales in the area show single-family homes ranging from $135,000 to $160,000 and duplexes in the $200,000 range. The current owner had plans to complete renovations but has since relocated, leaving the property ready for a new investor to complete updates and stabilize income. Previously, the residential units were rented at an average of $750 per month in their current condition. A proposal for new windows and flooring (approximately $15,000) is available. The current gross income is $31,200 with all residential units vacant. The previous gross income, with residential units rented at $750 per month, was $65,400. The projected gross income, at market residential rents without adjusting commercial rents, is $70,800. Estimated operating costs are $20,000.