Description
PLEASE NOTE: SELLER IS REQUESTING HIGHEST AND BEST BE SUBMITTED BY 3/25/2022. Please leave offers open for acceptance until 3/27/2022. Significant capital has been invested in these sister buildings located in Miamisburg near historic downtown, parks, golf courses, shopping, dining & entertainment venues. Occupancy at time of listing is 94%. The majority of the units have been updated. Each building is comprised of 18 garden style 2-bed, 1-bath apartments for a total of 36 units. Each apartment is ~900 sf with living room, dining room, galley style kitchen & utility room with w/d hook-ups. Carports & ample off-street parking are available for tenants' convenience. Shared courtyard separates individually parceled buildings. Price is for both properties. Square footage PCR is 17,937 sf/building for a combined square footage of 35,874. Semi-annual property taxes are for both buildings; assessments are individually listed for each building. Most units are below market rent with M2M or lease end dates in 2022 creating a value-add opportunity to quickly move rents to market levels and increase ROI.
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72BEDS
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1.24ACRES
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36BATHS
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01/2 BATHS
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17,937SQFT
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$139$/SQFT
Description
PLEASE NOTE: SELLER IS REQUESTING HIGHEST AND BEST BE SUBMITTED BY 3/25/2022. Please leave offers open for acceptance until 3/27/2022. Significant capital has been invested in these sister buildings located in Miamisburg near historic downtown, parks, golf courses, shopping, dining & entertainment venues. Occupancy at time of listing is 94%. The majority of the units have been updated. Each building is comprised of 18 garden style 2-bed, 1-bath apartments for a total of 36 units. Each apartment is ~900 sf with living room, dining room, galley style kitchen & utility room with w/d hook-ups. Carports & ample off-street parking are available for tenants' convenience. Shared courtyard separates individually parceled buildings. Price is for both properties. Square footage PCR is 17,937 sf/building for a combined square footage of 35,874. Semi-annual property taxes are for both buildings; assessments are individually listed for each building. Most units are below market rent with M2M or lease end dates in 2022 creating a value-add opportunity to quickly move rents to market levels and increase ROI.
The data relating to real estate for sale on this website comes in part from the Dayton Area Board of REALTORS® MLS IDX Database. Real estate listings held by brokerage firms other than The Gene Group are marked with the IDX logo and detailed information about them includes the name of the listing brokers. IDX information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Data last updated 2022-05-22T15:04:04.083.
Listing provided courtesy of Maria L Taylor of Keller Williams Advisors Rlty. © 2022 Dayton Area Board of REALTORS® MLS. Information Deemed Reliable But Not Guaranteed.