For Sale - 55 Unit Apartment Building in Dayton, OH - Extreme Value Add - $620,000 - 11.5% Current CAP / 21% Occupied CAP

[Benjamin Nichols]

Enormous upside in this mis-managed garden style property consisting of one and two bedroom units on five acres of land. Duplex, Triplex, Four-Plex, and Single Family Homes comprise the 55 units. Currently 19 units are vacant and need to be put in rent ready; estimated cost is $1,000 per unit. Property has 15 separate parcels. Motivated seller looking for an all cash quick sale. 

• Units have basements with washer / dryer hook-ups.
• Over 21% CAP on occupied rents using 50% for vacancy and expenses
• 3.5 Times Gross on current rents and 11.5% CAP
• 15 parcels on 5 acres of land.
• Current Price is $18 Per Sq. Ft.

North Dayton, Ohio a few blocks from Good Samaritan Hospital and Miami Valley Golf Club.

Contact me for a comprehensive marketing package. 

Ben Nichols

[email protected]

805-904-4357