490 N Jay Street, West Milton, OH 45383

Local realty services provided by:CENTURY 21 DeAnna Realty
490 N Jay Street,West Milton, OH 45383
$400,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: andrew c wade
Office: roby realty614-791-0050
MLS#:225025857
Source:OH_CBR

Price summary

  • Price:$400,000

About this home

490 N Jay is a fully occupied four-unit building offered together with the adjacent 488 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 $3,450 per month / $41,400 annually in gross scheduled rent. Combined with 488 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. Units here rent at $850 and $900. A comparable renovated unit at 488 N Jay leases at $1,100 per month, giving a buyer an in-package comparable for the renovated rent level rather than a market assumption. Leases across both buildings expire on a...

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Home facts

  • Year built:1963
  • Listing ID #:225025857
  • Added:425 day(s) ago
  • Updated:September 12, 2026 at 03:08 PM

Structure and exterior

  • Year built:1963
  • Lot area:0.38 Acres

Finances and disclosures

  • Price:$400,000
  • Tax amount:$1,378
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor CENTURY 21 DeAnna Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.