488 N Jay St | Image 1
488 N Jay St | Image 2

$425,000

For Sale

A year ago

488 N Jay St, West Milton, OH

Townhouse

MLS® 225022141

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Townhouse
Levels Residential Income
Size -
Garage 
Taxes $1,385
Days Active 5
Lot Size 0.29 Acres
Approx. Age 1963
MLS® Number 225022141

Property Address: 488 N Jay St, West Milton, OH, 45383-1756

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number225022141
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1963
Basement
Driveway
Garage Spaces
HeatForced Air
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 18, 2025List Date
$425,000List Price
-End Date
Not Sold YetSold Price

For Sale

Jun 18, 2025List Date
$425,000List Price
  • Commute

Commute

Starting Address
Destination Address
488 N Jay St, West Milton, OH

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