41-43 Fernwood Ave, Dayton, OH, 45405

Price: $69,900

Price: $49,995

41-43 Fernwood Ave

Dayton, OH, 45405

Price: $69,900

Price: $49,995

41-43 Fernwood Ave

Dayton, OH, 45405

DUPLEX

Rehab Needed: $25,000-$30,000

ARV: $133,000

Watch The Following Walkthrough Video!

Price = $49,995

Bedrooms: 6

Bathrooms: 2.0

Stories: 2

Basement: Full/Unfinished

Square Feet: 2,152

Lot Size: 0.13 Acre

Garage: None

Year Built: 1920

This listing highlights a duplex property, currently configured as a single-family home, but with significant potential for conversion back to a duplex. Occupying a 0.13-acre lot, this 2,152 square-foot, two-story building, built in 1920, includes six bedrooms and two bathrooms (three bedrooms and one bathroom per unit).

To convert it back to a duplex, it requires re-establishing separation between the two living areas. This involves walling off the small walkway between the two living rooms, walling off the kitchen, and walling off a small section upstairs. Additionally, the second stairwell on the right side needs to be reopened to facilitate independent access for each unit.

The property features a 3-dimensional asphalt roof, which is a durable and visually appealing choice. All windows are vinyl replacements. For security purposes, some of the first-floor windows have been boarded up, but underneath, these windows are in full working order.

Interior-wise, the duplex has hardwood floors throughout, which remain in good condition.

Each unit is equipped with its own central air conditioning and HVAC unit, ensuring comfortable living conditions year-round. This dual-system setup is ideal for a rental property, offering separate utilities for each unit.

In terms of exterior work, the property's rear vinyl siding needs replacement due to previous fire damage. Additionally, the remnants of a burned-down garage in the back need to be removed.

Completing the conversion to a duplex primarily involves the aforementioned walling off, making this a straightforward project with a clear path to adding value. This property presents a lucrative opportunity for investors or buyers looking to capitalize on the flexibility and potential of a duplex in a desirable location.

Photos of the property

SUMMARY COMPARABLE SALES REPORT

41 Fernwood Ave, Dayton, OH 45405, USA

Comps to support ARV

Comp 1

Comp 2

Comp 3

Address

154 N Woodward Ave

830 Upland Ave

23 Upper Ave

Sales Price

$63,000

$95,000

$82,500

Sales Date

10/21/2022

08/02/2022

9/27/2022

Distance Away

0.4 Miles

.99 Miles

0.7 Miles

Square Feet

1,280

1,568

1,320

Year Built

1905

1948

1930

Beds/Bath

3/1.0

4/2

3/1

Comps to support ARV

Comp 1

Address: 154 N Woodward Ave

Sales Price: $63,000

Sales Date: 10/21/22

Distance Away: 0.4 Miles

Square Footage: 1,280

Year Built: 1905

Bed/Bath: 3 / 1.0

Comp 2

Address: 830 Upland Ave

Sales Price: $95,000

Sales Date: 8/2/22

Distance Away: .99 Miles

Square Footage: 1,568

Year Built: 1948

Bed/Bath: 4 / 2

Comp 3

Address: 23 Upper Ave

Sales Price: $82,500

Sales Date: 9/27/2022

Distance Away: 0.7 Miles

Square Footage: 1,320

Year Built: 1930

Bed/Bath: 3/1