Historical Multifamily Sale Listing - Grandview Apartments

Multifamily For Sale

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Grandview Apartments

633 West Grand Avenue, Dayton, OH 45406

N/A

69 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
69
Building Size:
30,000 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Distressed:
Yes
Cap Rate:
11%
Occupancy:
43%
Listing ID
16872562
Last Updated
over 1 year ago

Highlights

  • Very clean, well maintained property
  • Tremendous cash flow potential/upside
  • All brick interiors/exteriors
  • New windows, parking lots and roofs

Description

SELLER MUST SELL QUICKLY! PRICE REDUCED $250,000! Owner willing to master lease $4000 per month for 6 months.

Grandview Apartments is a 69 unit complex comprised of 9 studios and 57 one bedroom/one bath units and 3 two bedroom units. Situated just 1/2 mile from Interstate 75 and downtown Dayton, the property is currently 64% occupied. The hot water boiler heat and water are supplied by the owner and each unit is cooled by electric wall AC sleeves, tenant paid. Recent capital improvements include new flat rubber roofs, parking lots and windows. The buildings are solid, all brick structures that require little upkeep. The property presents a tremendous value add play for a new investor that is able to stabilize occupancy and rents, at which time will yield close to a 30% cash on cash return. Owner financing is available for qualified buyers.

The subject property is located at 633-645 West Grand Avenue in Dayton, Ohio.

Map of 633 West Grand Avenue, Dayton, OH 45406 (Montgomery County)

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