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The Flats at Sycamore Trails 237-311 N 12th St 36 Unit Apartment Building For Sale Miamisburg, OH 45342
Executive Summary
The Flats at Sycamore Creek presents investors with strong in-place cash flow and a clear path to increased income with a fully renovated and deferred maintenance addressed building in Miamisburg; a top-5 Dayton submarket for rent that has delivered zero new supply in five years, with nothing under construction. The 36-unit, all two-bedroom garden community is 97.2% occupied, with in-place rents of $962 supporting a clear mark-to-market path to $1,175 through natural turnover and local management, a 22% rental increase that keeps the asset comfortably below prevailing submarket rents. Demand is anchored by the Austin Landing employment hub roughly two miles away (Teradata, PNC, LexisNexis, Kettering Health), with Yaskawa and GE Aerospace expanding along the I-75 corridor. Even at the pro forma rent, units remain deeply affordable at only 19% of the area's $70–75K median income and $550–700 per month cheaper than owning in the submarket. The result is a low-risk yielding investment with significant, market-validated rent upside in a supply-protected corridor.
Property Facts
| Sale Type | Investment | Lot Size | 1.24 AC |
| No. Units | 36 | Building Size | 25,230 SF |
| Property Type | Multifamily | Average Occupancy | 72% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.39/1,000 SF |
| Zoning | C | ||
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.24 AC |
| Building Size | 25,230 SF |
| Average Occupancy | 72% |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | C |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Heating
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 36 | - | 900 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | K46-00407-0023 | Improvements Assessment | $213,540 |
| Land Assessment | $81,010 | Total Assessment | $294,550 |
Property Taxes
Parcel Number
K46-00407-0023
Land Assessment
$81,010
Improvements Assessment
$213,540
Total Assessment
$294,550
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