Dayton Real Estate to Sell at Online-Only Auction

By
Commercial Real Estate Agent

March 9, 2015 (KANSAS CITY, Mo.) – Buyers have the opportunity of a lifetime to purchase residential and commercial properties in Dayton, Ohio, at auction prices. Sperry Van Ness Gryphon Parker will offer these properties for competitive bidding during an online-only auction running now through Monday, March 16 at 2 p.m.

 

“An online auction eliminates the concern of buyers ‘showing up’ for an event and allows people anywhere in the world to bid,” said Richard Kruse, president of Gryphon USA. “As well as an enhancement to a live event, these Internet-only auctions can be less cost prohibitive for the seller, and the issue of inclement weather is a nonfactor.”

 

The events will offer six separate properties to the public. These properties include:

 

  • 221 Helena Street E, Dayton, OH 45404
    • Multi-tenant office/warehouse
    • 3.28± acres
    • 41,500± sq. ft.; 12 units ranging from 1,100-10,000 sq. ft.
    • Current gross rents:  $8,840/month with three units vacant
    • No reserve, $275,000 minimum bid
    • 79.5% rented.
    • Possible owner financing
    • $106,080 current income
    • $170,000 Potential Annual Income when fully rented at market rates
    • Appraised in 2012 for $480,000.00, summary available

 

  • 529-531 Corwin Avenue, Dayton, OH 45410 
    • Two-unit residential property
    • 980± sq. ft. per unit
    • Two bedrooms, single bath per unit 
    • Taxes: $494 per half
    • Rent: $450 each or $900/month
    • $10,800 Potential Annual Income
    • This property offered absolute without reserve

 

  • 261 Linden Avenue, Dayton, OH 45403
    • Four-unit residential property
    • 850± sq. ft. per unit
    • Single bedroom, single bath per unit 
    • Fully rented
    • Taxes: $1,031.27 per half
    • Rent: $350 each or $1,400/month
    • $17,000 Potential Annual Income
    • This property offered absolute without reserve

 

  • 312-314 Westwood Avenue, Dayton, OH 45417
    • Two-unit residential property
    • 912± sq. ft. per unit
    • Two bedrooms, single bath per unit 
    • Fully rented
    • Taxes: $431 per half
    • Rent: $400 each or $800/month
    • $9,600 Potential Annual Income
    • This property to be sold subject to owner confirmation

 

  • 559-561 Evergreen Avenue, Dayton, OH 45417
    • Two-unit residential property
    • 684± sq. ft. per unit
    • 1 two-bedroom, single-bath unit, 1 single-bedroom, single-bath unit
    • Fully rented
    • Taxes: $443 per half
    • Rent: $400+$350 or $750/month
    • $9,000 Potential Annual Income
    • This property to be sold subject to owner confirmation

 

  • 325 Parkwood Drive W, Dayton, OH 45405
    • 17- to 18-Unit Residential Property
    • 1,080± sq. ft. per unit
    • Two bedrooms, single bath per unit 
    • Brick construction
    • Taxes: $2,343 per half
    • Potential rents are in the $400-$450 range or potential or $7,650/month income
    • $80,000 Potential Annual Income
    • This property offered absolute without reserve
    • Needs complete rehab

 

 

Property details, photos, and terms and conditions can be found at Proxibid.com/Gryphon, or by contacting Shawn J. Dostie at 740-502-1017.

Posted by

Richard Kruse, Managing Director

Gryphon Parker, LLC

Sperry Van Ness Ohio / Gryphon Parker

Parker Kruse Asset Management

Gryphon Auction Group

90 Northwoods Blvd., Columbus, OH 43235

Phone 614.774.4118

 

rfk@svn.com I www.svngp.com I www.svn.com I www.svnauctions.com

 

About Richard Kruse

 

Mr. Kruse began his real estate career full time in Virginia in 1997.  Over the past 17 years, he has conducted real estate and equipment sales across the country.  In August of 2003, Mr. Kruse, in partnership with his wife Melissa, opened Gryphon Asset Advisors, the predecessor to Gryphon USA., Ltd.  In June of 2014, Kruse and Shawn Parker formed Sperry Van Ness Gryphon Parker Commercial Realty and Parker Kruse Asset Management.  Prior to July, Kruse and Parker were each others largest competitor.

 

In addition to sitting on the Ohio Auctioneers Commission, Mr. Kruse leads Sperry Van Ness Auction Services efforts in the State of Ohio, teaches at the Ohio Auction School and is regularly consulted as an expert in auctions and distressed assets by Columbus Business First and the Columbus Dispatch.  He is an active member CenterPoint Church and lives with his wife, Melissa, and daughter, Savannah, in North Columbus. 

 

About Gryphon Parker, LLC

 

 

Gryphon Parker, LLC is a multi-faceted group of companies operating under the names Parker Kruse Asset Management, Sperry Van Ness Gryphon Parker, Gryphon Auction Group & Parker Realty. The entities providing distressed asset management, real estate brokerage, management, leasing and auction services throughout the State of Ohio. The SVN Gryphon Parker Special Assets Group, working closely with Parker Kruse Asset Management, advises financial institutions, borrowers and the Courts on troubled asset administration throughout the United States.

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