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Grafton Hill Apartments 200 Central Ave 42 Unit Apartment Building $1,900,000 ($45,238/Unit) 7% Cap Rate Dayton, OH 45406
INVESTMENT HIGHLIGHTS
- Great Grafton Hill Location
- Solid brick walls & 12 car garage
- Newer windows, roofs,
EXECUTIVE SUMMARY
Great Location in the Grafton Hill Area , Surrounded by historical vintage homes. Close to Downtown (10 minute walk),public transportation, shopping, museums ! Building features many recent upgrades including newer roof, new windows, remodeled common areas; 80% of the units have been turned, electrical and plumbing upgrades; Capex exceeds Several hundred thousand over the past few years. Property could be taken to another level; Properties in the immediate area command higher rents; 12 car garage has been unused for 10 years(clean up and rent spaces out for additional income). Out of State Owners wishing to consolidate properties out of the area.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$28,500
|
$1.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,500
|
$0.06
|
| Effective Gross Income |
$27,000
|
$1.12
|
| Taxes |
$1,167
|
$0.05
|
| Operating Expenses |
$9,450
|
$0.39
|
| Total Expenses |
$10,617
|
$0.44
|
| Net Operating Income |
$16,383
|
$0.68
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $28,500 |
| Annual Per SF | $1.18 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,500 |
| Annual Per SF | $0.06 |
| Effective Gross Income | |
|---|---|
| Annual | $27,000 |
| Annual Per SF | $1.12 |
| Taxes | |
|---|---|
| Annual | $1,167 |
| Annual Per SF | $0.05 |
| Operating Expenses | |
|---|---|
| Annual | $9,450 |
| Annual Per SF | $0.39 |
| Total Expenses | |
|---|---|
| Annual | $10,617 |
| Annual Per SF | $0.44 |
| Net Operating Income | |
|---|---|
| Annual | $16,383 |
| Annual Per SF | $0.68 |
PROPERTY FACTS
| Price | $1,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $45,238 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 7% | Building Size | 24,102 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 95% |
| Gross Rent Multiplier | 5.95 | No. Stories | 3 |
| No. Units | 42 | Year Built/Renovated | 1967/2022 |
| Property Type | Multifamily | Parking Ratio | 0.5/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | MR-5 - Mature Residential | ||
| Price | $1,900,000 |
| Price Per Unit | $45,238 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 5.95 |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 24,102 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built/Renovated | 1967/2022 |
| Parking Ratio | 0.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MR-5 - Mature Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 30 | $650.00 | 386 |
| 1+1 | 12 | $750.00 | 501 |
1 1
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | R72-06501-0034 | Total Assessment | $125,180 |
| Land Assessment | $24,950 | Annual Taxes | $1,167 ($0.05/SF) |
| Improvements Assessment | $100,230 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
R72-06501-0034
Land Assessment
$24,950
Improvements Assessment
$100,230
Total Assessment
$125,180
Annual Taxes
$1,167 ($0.05/SF)
Tax Year
2025
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Grafton Hill Apartments | 200 Central Ave
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