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311 Marathon Ave. 311 Marathon Ave 4 Unit Apartment Building $214,900 ($53,725/Unit) 12.31% Cap Rate Dayton, OH 45406
Investment Highlights
- 4,704 SF building
- Garage parking
- 4 units
- Built in 1945
Executive Summary
Motivated Seller. The seller would like to close on this within 30 DAYS as he has another larger property pending that he wants buy. Presenting an exceptional opportunity for multifamily investors, this low-rise property at 311 Marathon Ave in Dayton, OH offers a spacious 4,704 SF building with 4 units and a possible 5th unit in the basement, air conditioned, and currently at a 100% occupancy rate. The possible 5th unit in the basement needs fully rehabbed and zoned. There are detached garages in the rear of the building. Built in 1945 and zoned MR-5, this investment showcases strong historical performance and potential for continued success in the thriving Dayton area. Each unit provides comfortable living spaces, and the property is positioned for increased occupancy and rental income. With an additional upside potential, this investment opportunity represents an attractive option for multifamily investors seeking to expand their portfolio in the dynamic Dayton market.
Property Facts Under Contract
| Price | $214,900 | Building Class | C |
| Price Per Unit | $53,725 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 4,707 SF |
| Cap Rate | 12.31% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1945 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MR5 - Multi-Family | ||
| Price | $214,900 |
| Price Per Unit | $53,725 |
| Sale Type | Investment |
| Cap Rate | 12.31% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,707 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1945 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | MR5 - Multi-Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 8+4 | 4 | $600.00 | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $22,050 | |
| Land Assessment | $7,020 | Total Assessment | $29,070 |
Property Taxes
Parcel Numbers
Land Assessment
$7,020
Improvements Assessment
$22,050
Total Assessment
$29,070
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311 Marathon Ave. | 311 Marathon Ave
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