488 N Jay Street, West Milton, OH 45383
Local realty services provided by:CENTURY 21 Capital GOLD
488 N Jay Street,West Milton, OH 45383
$425,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: andrew c wade
Office: roby realty614-791-0050
MLS#:225022141
Source:OH_CBR
Price summary
- Price:$425,000
About this home
488 N Jay is a fully occupied four-unit building offered together with the adjacent 490 N Jay as an eight-unit package. The buildings are being sold as one transaction and will not be divided.
All four units are leased, producing $3,700 per month / $44,400 annually in gross scheduled rent. Combined with 490 N Jay, the package produces $85,800 annually with a net operating income of $73,920 on current actuals. Owner-paid expenses across both buildings total $11,880 and are limited to insurance, taxes, landscaping, lawn treatment, trash, and repairs. Tenants pay all utilities except trash, which is served by a shared dumpster covering both properties. Expense figures do not include vacancy, management, capital reserves, or debt service.
Unit 3 has been renovated and leases at $1,100 per month. The remaining units here rent at $850 and $900, giving a buyer an in-building comparable for the renovated rent level rather than a market assumption. Leases across both buildings expire on a staggered basis between August and October 2026.
Please do not disturb tenants. Showings by appointment with proper notice to residents. Full rent roll, leases, and expense documentation available to qualified buyers on request.
Buyer and buyer's agent to verify all information, including income and expenses, square footage, zoning and permitted use, unit count, registration or licensing requirements, and property condition. Any reference to potential rent levels is illustrative only and is not a projection of future performance; rent adjustments are subject to existing lease terms, required notice, and applicable law. Information obtained from sources deemed reliable but not guaranteed by broker or seller....
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Home facts
- Year built:1963
- Listing ID #:225022141
- Added:450 day(s) ago
- Updated:September 12, 2026 at 03:08 PM
Heating and cooling
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1963
- Lot area:0.29 Acres
Finances and disclosures
- Price:$425,000
- Tax amount:$1,385
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