114-116 Ridge AvenueDayton, OH 45405

Property Description

Excellent investment opportunity at 114–116 Ridge Avenue! This updated side-by-side duplex features two spacious 3-bedroom, 1-bath units. Unit 114 is currently rented for $795 per month, while Unit 116 is vacant and available for showings or immediate lease-up. Estimated market rent is approximately $1,100 per unit, offering potential gross rental income of $2,200 per month.Approximately $40,000 in total improvements have been completed, including new furnaces in both units, remodeled interiors, updated electrical and plumbing, and new attic insulation. Interior updates include flooring, paint, kitchen countertops, light switches, hinges, tubs, vanities, and toilets. Both units also feature relatively new appliances. A new roof was installed in 2024 (not included in listed financial improvements).With one occupied unit providing immediate income, one vacant unit ready for placement, and substantial improvements already completed, this duplex offers an attractive combination of cash flow and additional rental upside for its next owner.

Property Features

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