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2525 Germantown St Apartments 2525 Germantown St 8 Unit Apartment Building $470,000 ($58,750/Unit) 8.04% Cap Rate Dayton, OH 45417
INVESTMENT HIGHLIGHTS
- Six 1-bedroom, 1 bath apartments and two 2-bedroom, 1 bath apartments
- Tenants pay for heat and electric
- Three units have been nicely renovated
- Washer & Dryer Hook ups
EXECUTIVE SUMMARY
NEW ROOF! Presenting an outstanding investment opportunity in Dayton, Ohio! This 2,424 SF multifamily property, located at 2525 Germantown St., boasts an 8-unit building constructed in 1966. This fully occupied turnkey asset offers six 1-bedroom, 1 bath apartments and two 2-bedroom, 1 bath apartments, with added conveniences like washer & dryer hookups and off-street parking. Three of the units have been beautifully renovated. Tenants pay for heat and electric. This property is an excellent choice for investors seeking a low-rise/garden multifamily property. With its solid rental history and prime amenities, this property is poised to deliver strong returns for all investors. Also, there is pre-arranged bank financing from Richwood Bank that may be available to you. Please call me for details.
PROPERTY FACTS
| Price | $470,000 | Building Class | C |
| Price Per Unit | $58,750 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 4,000 SF |
| Cap Rate | 8.04% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 3.3/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $470,000 |
| Price Per Unit | $58,750 |
| Sale Type | Investment |
| Cap Rate | 8.04% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1966 |
| Parking Ratio | 3.3/1,000 SF |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $600.00 | 600 |
| 2+1 | 2 | $775.00 | 750 |
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PROPERTY TAXES
| Parcel Number | R72-09608-0028 | Improvements Assessment | $45,400 |
| Land Assessment | $2,240 | Total Assessment | $47,640 |
PROPERTY TAXES
Parcel Number
R72-09608-0028
Land Assessment
$2,240
Improvements Assessment
$45,400
Total Assessment
$47,640
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2525 Germantown St Apartments | 2525 Germantown St
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