212 Fountain AVE 214 DAYTON OH 45405

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212 Fountain AVE 214

DAYTON, OH 45405

Suburb: Dayton

$85,000

2,370sqft

Under Contract

This duplex investment property boasts a total of 2,370 sq. ft., with each unit offering 1,185 sq. ft. of comfortable living space. Each unit features a spacious living room, formal dining room, large kitchen, three oversized bedrooms, and a full bathroom. Included in the sale are essential materials such as drywall, approximately 3,000 sq. ft. of waterproof LVP flooring, two water heaters, new kitchen cabinets, and three tubs with surrounds. Both units have new electric boxes and panels, along with some updated electrical work. The property has no back taxes, and an adjacent empty lot presents additional purchasing opportunities. A structural engineering statement is included with the property, valued at $2,100. With an estimated After Repair Value (ARV) of $150,000 to $160,000 upon completion, this is a promising investment opportunity not to be missed!

Directions

I-75 to N Main St to Delaware Ave to Wheatley Ave to Fountain Ave

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Property Details

General Information

Property Type	Multi-Family
Style	2-4 Units
Suburb	Dayton
Zip Code	45405
School District	Dayton City SD
MLS#	920143

Additional Information

Construction	Frame, Wood
Lot Dimensions	20' x 130.75'
Total Acres	0.119
Occupancy	At Closing
Semi-Annual Taxes	$148.59

Property Features

Property SqFt.	2,370
Basement	Unfinished
Garage	None
Cars	0
Heating	Natural Gas
Cooling	None

Additional Features

Multi-Family Information

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Points, Annual Property Taxes, Annual Insurance and Private Mortgage Ins. (PMI) are all optional. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Property taxes and insurance are combined under escrow.

If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance (PMI) to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require PMI. One such case might be apprciation of the real estate.)

Points are charges that are normally due at closing. Borrowers (normally only in USA) may select to pay a lender "points" up front in exchange for a lower interest rate. Points are expressed in percent and are calculated on the amount borrowed. 3 points on a $200,000 mortgage equals $6,000. If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule.

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Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://AccurateCalculators.com/mortgage-calculator

The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the Dayton Area Board of Realtors®. Real estate listings held by brokerage firms other than Comey & Shepherd Realtors are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not be all the properties available through Broker Reciprocity.

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