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Harrison Square 4822-4860 Philadelphia Dr 18 Unit Apartment Building $1,290,000 ($71,667/Unit) 7% Cap Rate Dayton, OH 45405
Executive Summary
Discover an exceptional investment opportunity in this meticulously maintained 18-unit multi-family property, offering a serene living experience within a peaceful, wooded setting. Each residence boasts a private entrance, fostering a heightened sense of comfort and exclusivity for all occupants. The attractive exterior, characterized by charming pitched shingle roofs and mature landscaping, presents outstanding curb appeal, creating a welcoming residential atmosphere. This property has been diligently cared for, featuring a newer roof that underscores its enduring quality and appeal. With 18 bedrooms and 18 full bathrooms spread across a generous 9,216 square feet of living space, this single-story complex provides ample room for residents. Situated on an expansive 1.3-acre lot, there is abundant outdoor space to enjoy the tranquil surroundings. This property stands as a desirable acquisition in a vibrant neighborhood, offering both immediate returns and long-term value.
Property Facts
| Price | $1,290,000 | Apartment Style | Low-Rise |
| Price Per Unit | $71,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.33 AC |
| Cap Rate | 7% | Building Size | 9,000 SF |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| No. Units | 18 | Year Built | 1978 |
| Property Type | Multifamily | Parking Ratio | 1.5/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R2, Harrison - apartments | ||
| Price | $1,290,000 |
| Price Per Unit | $71,667 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Sale Condition | 1031 Exchange |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.33 AC |
| Building Size | 9,000 SF |
| No. Stories | 1 |
| Year Built | 1978 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | R2, Harrison - apartments |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 600 |
| 1+1 | 13 | - | 750 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | E20-01008-0023 | Improvements Assessment | $106,040 |
| Land Assessment | $27,340 | Total Assessment | $133,380 |
Property Taxes
Parcel Number
E20-01008-0023
Land Assessment
$27,340
Improvements Assessment
$106,040
Total Assessment
$133,380
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Harrison Square | 4822-4860 Philadelphia Dr