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311 Marathon Ave - 311 Marathon Ave. 5 Unit Apartment Building Offered at $224,900 at a 10.91% Cap Rate Dayton, OH 45406
Investment Highlights
- 4,704 SF building
- Garage parking
- 5 units
- Built in 1945
Executive Summary
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 5 units, air conditioned, and currently at an 80% occupancy rate. The 5th
unit in the basement needs rehabbed. 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.
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 5 units, air conditioned, and currently at an 80% occupancy rate. The 5th
unit in the basement needs rehabbed. 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
| Price | $224,900 | Property Type | Multifamily |
| Price Per Unit | $44,980 | Building Size | 4,707 SF |
| Sale Type | Investment | Average Occupancy | 80% |
| Cap Rate | 10.91% | No. Stories | 2 |
| No. Units | 5 | Year Built | 1945 |
| Zoning | MR5 | ||
| Price | $224,900 |
| Price Per Unit | $44,980 |
| Sale Type | Investment |
| Cap Rate | 10.91% |
| No. Units | 5 |
| Property Type | Multifamily |
| Building Size | 4,707 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1945 |
| Zoning | MR5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 9+5 | 5 | $600.00 | - |
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311 Marathon Ave - 311 Marathon Ave.
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