In this Deep Dive, we move past theory and get tactical, breaking down a rare example of historic architecture meeting modern cash flow.

We analyze 102 Ashwood Avenue in Dayton, a fully leased four-unit brick building offering over 4,000 square feet at a $225,000 price point. This episode walks through why this quadplex checks boxes many investors assume no longer exist: scale, condition, stabilized income, and built-in upside.

We unpack:

• How buying at roughly $55 per square foot creates margin of safety
• Why 100% occupancy changes the risk profile on day one
• How the rent roll clears the 1% rule before counting future increases
• The value-add already negotiated into the fourth unit
• Why in-unit laundry dramatically improves tenant quality and retention
• How the utility split protects long-term cash flow

This is a case study in buying a business, not a project, with predictable income and documented growth already in place.