Description
Seller intends to sell these two parcels as a package. 40 Maylan is a vacant standalone building that is zoned for an office building that can be repaired as an office and possibly turned into another unit generating additional income, 42,44, and 46 Maylan is a Triplex. Unit 42 on first floor has two 1-bedroom (has been there for over 16 years, pays $475/month plus_ $25 for garage) with a 1-year lease that ends 4/2027. Unit 44 tenant has been there for a few years, pays $554/month, on a month-to-month lease. Unit 46 upstairs is a 2-bedroom unit and pays $675/month on a month-to-month lease. All units have separate electricity. The building is heated with a boiler system (seller pays gas). The potential for a hands-on investor who can improve and update the property over time can allow them to increase rents and value substantially. Current gross rents exceed 20K and could be considerably more. Taxes and utilities are about $8600 (very cold winter in 2025). See agent's remarks for additional info.
Details
| MLS # | 959080 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1935 |
| Days On Site | 175 |
| Listing Provided By | Coldwell Banker Heritage | Kal Mughrabi |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,300 |
| Basement | Y |
| Acreage | 0.11 |
Taxes
| Property | 988 |
|---|
Area Information
| State | OH |
|---|---|
| County | Montgomery |
| City | Dayton |
| Zip Code | 45405 |
| Area | Montgomery |
| Community Name | City/Dayton Rev |
| School District | Dayton |
| Listing VS Median (in City/Dayton Rev) | |
Price: $99,900 low | high Med: $137,888 sqft: 1,300 low | high Med: 1,209 $ / sqft: $77 low | high Med: $114 On site: 175 low | high Med: 14.5 | |
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Learn More About This Property
| State | OH |
|---|---|
| County | Montgomery |
| City | Dayton |
| Zip Code | 45405 |
| Area | Montgomery |
| Community Name | City/Dayton Rev |
| School District | Dayton |
| Listing VS Median (in City/Dayton Rev) | |
Price: $99,900 low | high Med: $137,888 sqft: 1,300 low | high Med: 1,209 $ / sqft: $77 low | high Med: $114 On site: 175 low | high Med: 14.5 | |
