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345 Doan St 8 Unit Apartment Building $799,000 ($99,875/Unit) 7.98% Cap Rate Wilmington, OH 45177
INVESTMENT HIGHLIGHTS
- Single level living with private entrance
EXECUTIVE SUMMARY
Excellent investment opportunity! This well -maintained building offers strong income potential in a low-maintenance set up. All units are 2-bedroom, 1 bath, each with private entrances and dedicated parking. Units 1-3 have been fully remodeled, featuring modern finishes and updated appliances. Major capital improvements completed in 2022, including new roof, gutters, and soffits. Great curb appeal and steady tenant demand make this a turn-key addition to any portfolio. Don't miss your chance to own a quality property with immediate upside.
PROPERTY FACTS Under Contract
| Price | $799,000 | Building Class | C |
| Price Per Unit | $99,875 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 6,435 SF |
| Cap Rate | 7.98% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1997/2022 |
| Property Subtype | Apartment | Parking Ratio | 2.49/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | Charitable - Property zoned X for charitable/ institutional. Buyer to verify and pursue re-zoning if residential or commercial use is intended. | ||
| Price | $799,000 |
| Price Per Unit | $99,875 |
| Sale Type | Investment |
| Cap Rate | 7.98% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 6,435 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1997/2022 |
| Parking Ratio | 2.49/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Charitable - Property zoned X for charitable/ institutional. Buyer to verify and pursue re-zoning if residential or commercial use is intended. |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Patio
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | 918 |
1 1
PROPERTY TAXES
| Parcel Number | 290-21-02-15-0000-00 | Improvements Assessment | $112,280 |
| Land Assessment | $6,550 | Total Assessment | $118,830 |
PROPERTY TAXES
Parcel Number
290-21-02-15-0000-00
Land Assessment
$6,550
Improvements Assessment
$112,280
Total Assessment
$118,830
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345 Doan St
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