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200 Central Avenue

Dayton OH 45406

42
42
24102 sq. ft.
0.46 ac.
Multi-Family
Currently for sale - view listing

Overview

This amazing 42 unit multi-family property is an incredibly rare find. If you have ever dreamed of purchasing a value-add multifamily building that cash flows from day one without having to do any of the heavy lifting and that is priced below market comps on the same street, we have the reality to your dream. This gorgeous property consists of two buildings on the corner of Central and Superior with 30 studio units and 12 one bedroom units. Currently at a 10% vacancy, these units lease extremely fast and easy at fair market rents. Current owners did the heavy lifting by increasing rents, replacing all windows, facia and soffit, new roof in 2023 on Superior & consistent preventative maintenance on the Central roof that is less than 10 years old. The owners have replaced a great portion of the plumbing and Superior has a brand new boiler as of 2023. Both buildings have a laundry room that is commercially managed and the building has been professionally managed. This property sits in the thriving Grafton Hills Neighborhood within walking distance to the Grandview Medical Center, Downtown, Art Institute and all of the riverways. This neighborhood has seen fantastic re-development and the City has certainly placed a focus in this area for investment. To make this property even more intriguing the owners have left meat on the bone for next owner as comps on the same street are much higher per door. Do not miss your opportunity to add this Gem to your portfolio. Please do not disturb tenants or enter the property without approval

Features

42 bedrooms
42 bathrooms
24102 sq. ft. floor area
0.46 ac. lot size
Multi-Family

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Local market activity for 42 bedroom multi families in Dayton

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