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Browse More Listings in Multifamily For Sale, Kettering, OH or Ohio

Multifamily Property For Sale

HILLSIDE VILLAGE APARTMENTS

2240 S. Patterson Boulevard, Kettering, OH 45409

Price:
$689,000
No. Units:
21
Building Size:
29,073 SF
Price/Unit:
$32,809.52
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
7.91%
Gross Rent Multiplier:
5.22
Year Built:
1948
Find Out More...

Last Verified 11/21/2009 Listing ID 16254743

Highlights

21 2-Bedroom Units w/ Garages and Storage Units
21 2-Bedroom Units w/ Garages and Storage Units
Central Location in Upscale Neighborhood

All Brick Construction / Updated Kitchens
$32K Price Per Unit / 95% Occupied

Description

The subject property is a 21 unit garden style apartment building located in the Kettering / Dayton, Ohio area. The property offers two bedroom, 1 bath apartment units and townhomes. The property also has 21 covered garages and 21 storage units.

The subject property is located in the City of Kettering, Montgomery County, Ohio. Kettering offers businesses the opportunity to operate from a central location in the heart of the Midwest, located just south of Dayton, Ohio, 47 miles from Cincinnati and 75 miles from Columbus. Located just a short drive from interstates 70 and 75, two of the most well-known interstate highways. Kettering is literally at the crossroads of America.

Financial Summary

Unit Mix Information

Proforma
Effective Gross Income
$125,712
Net Operating Income
$54,521
Pre-Tax Cash Flow
$54,521

Description	No. Units	Avg. Mo. Rent
2 Bed,1 Bath	19	$515
2 Bed,1 Bath,Townhouse	2	$515

Map of 2240 S. Patterson Boulevard, Kettering, OH 45409

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Contact Listing Broker

Bart Weprin (513) 936-9110

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Created 5/28/2009

Additional Information for 2240 S Patterson Boulevard, Kettering, OH 45409

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 3 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - HILLSIDE VILLAGE APARTMENTS

2240 S. Patterson Boulevard, Kettering, OH, 45409