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27-41 Rita St 8 Unit Apartment Building $629,000 ($78,625/Unit) 7.69% Cap Rate Dayton, OH 45404
Investment Highlights
- The property has undergone substantial improvements
- 100% Occupied
- New roof Oct., 2024
Executive Summary
Introducing a prime investment opportunity! This retro gem, built in 1958, boasts a 4,794 SF building, with 8 2
bedroom, 1 bath units, offering a lucrative rental income stream. Situated in the vibrant Dayton area, this property has
undergone significant improvements, including a new roof in October 2024. Whether you're an established investor or
entering the multifamily market, this property offers a compelling opportunity to enhance your portfolio and maximize
returns.
RECENT UPDATES INCLUDE:
New Roof 2024 $28,600
Front Gutters Replaced 2026 $4,150
HVAC Improvements (4 Furnaces & 8 A/C Units) 2021 $24,400
Water Heater Replacements (Various Units) 2016–2023 $7,000
Electrical Service Upgraded to 100 AMP 2019 Included
Select Window Replacements 2021–2025 $5,000
Interior Unit Renovations & Updates
(Flooring, Kitchens, Bathrooms, Paint & Misc. Improvements)
2021–2025 $64,000
bedroom, 1 bath units, offering a lucrative rental income stream. Situated in the vibrant Dayton area, this property has
undergone significant improvements, including a new roof in October 2024. Whether you're an established investor or
entering the multifamily market, this property offers a compelling opportunity to enhance your portfolio and maximize
returns.
RECENT UPDATES INCLUDE:
New Roof 2024 $28,600
Front Gutters Replaced 2026 $4,150
HVAC Improvements (4 Furnaces & 8 A/C Units) 2021 $24,400
Water Heater Replacements (Various Units) 2016–2023 $7,000
Electrical Service Upgraded to 100 AMP 2019 Included
Select Window Replacements 2021–2025 $5,000
Interior Unit Renovations & Updates
(Flooring, Kitchens, Bathrooms, Paint & Misc. Improvements)
2021–2025 $64,000
Property Facts
| Price | $629,000 | Building Class | C |
| Price Per Unit | $78,625 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 6,466 SF |
| Cap Rate | 7.69% | Average Occupancy | 88% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.24/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $629,000 |
| Price Per Unit | $78,625 |
| Sale Type | Investment |
| Cap Rate | 7.69% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 6,466 SF |
| Average Occupancy | 88% |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 1.24/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $910.00 | 590 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R72-05205-0056 | Improvements Assessment | $153,220 |
| Land Assessment | $13,990 | Total Assessment | $167,210 |
Property Taxes
Parcel Number
R72-05205-0056
Land Assessment
$13,990
Improvements Assessment
$153,220
Total Assessment
$167,210
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27-41 Rita St