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15 W Maplewood Ave 5 Unit Apartment Building $299,000 ($59,800/Unit) 10.96% Cap Rate Dayton, OH 45405
Investment Highlights
- 5 units
- Garage parking
- Tenants pay for heat and electric
Executive Summary
JUST REDUCED! Motivated Seller. The seller has just reduced the listing price by $50,000 from the previous price of $349,000 down to the new list price of $299,000The seller would like to close on this within 30 DAYS as he has another larger property pending that he wants buy. Experience an exceptional investment opportunity with this captivating Multifamily property in Dayton, OH. Boasting a6,552 SF building, this charming Low-Rise/Garden property features 5 spacious units, each exuding timeless appeal. The fifth unit needs to be rehabbed. There is underground garage parking available. Built in 1950, the property showcases enduring architectural character and comfort. The entryway and staircase has terrazzo flooring. With a prime location in the vibrant Dayton area, this 80% occupied investment presents steady income potential. One tenant has lived there for 39 years. Residents enjoy the convenience of an established community, while the property offers an attractive blend of classic charm and modern functionality. Washer & Dryer hook-ups. The studio apartment needs to be rehabbed. Don't miss this chance to own a lucrative investment in the heart of Dayton.
Property Facts
| Price | $299,000 | Building Class | C |
| Price Per Unit | $59,800 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 4,774 SF |
| Cap Rate | 10.96% | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 0.84/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $299,000 |
| Price Per Unit | $59,800 |
| Sale Type | Investment |
| Cap Rate | 10.96% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 4,774 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 0.84/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $500.00 | - |
| 2+1 | 4 | $640.00 | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R72-11210-0012 | Improvements Assessment | $38,310 |
| Land Assessment | $6,480 | Total Assessment | $44,790 |
Property Taxes
Parcel Number
R72-11210-0012
Land Assessment
$6,480
Improvements Assessment
$38,310
Total Assessment
$44,790
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15 W Maplewood Ave
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