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145 Oak St
Fairborn, OH 45324
Oak Forest Apartments · Multifamily Property For Sale
·
16 Units
PROPERTY FACTS
| No. Units | 16 | Lot Size | 1.31 AC |
| Property Type | Multifamily | Building Size | 38,668 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1972 |
| Zoning | R-4 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.31 AC |
| Building Size | 38,668 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
ABOUT 145 OAK ST , FAIRBORN, OH 45324
145 Oak St. in Fairborn, OH provides established cash flow with stabilized expenses, and the opportunity to add value over time. Historically, the property has sustained high occupancy. Currently, the rent roll shows some inconsistency in rental rates for renovated unit vs. unrenovated units. When rents are leveled, the net cash flow can be increased by more than $5,800. In the last four years, 10 of the 16 units have had some renovations, totaling $52,000. There is an opportunity to renovate the remaining 6 units and update the additional 10 units over time with the cash flow generated. Currently, the property is 100% occupied and has the potential to provide the new investor with immediate yield.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $547.50 | 800 |
| 2+1 | 1 | $650.00 | 1,000 |
| 2+2 | 11 | $715.00 | 1,025 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $250,400 | |
| Land Assessment | $27,060 | Total Assessment | $277,460 |
PROPERTY TAXES
