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7919 N Main St
Dayton, OH 45415
Orchard Grove · Multifamily Property For Sale
·
40 Units
PROPERTY FACTS
| No. Units | 40 | Lot Size | 1.07 AC |
| Property Type | Multifamily | Building Size | 17,328 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1969 |
| Building Class | B | ||
| Zoning | Residential | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.07 AC |
| Building Size | 17,328 SF |
| No. Stories | 3 |
| Year Built | 1969 |
| Zoning | Residential |
ABOUT 7919 N MAIN ST , DAYTON, OH 45415
The Orchard Grove Apartments presents the real estate investor with a desirable opportunity to cash flow and improve the value of the asset through a proven value-add strategy: The apartments are well-maintained, have had $162,00 in capital improvements and unit rehab over the last 3 years, and have potential to level rents. The opportunity: These apartments on North Main St in Dayton, Ohio provides the buyer with an option to continue the current owner’s value add strategy of increasing the rents as the units turn. The majority of the units are 2 and 3 bedrooms with average square footage of 1,050. Given the large units, the average rent/square foot is currently at $0.57 compared to the market average of $0.88. Even though the Orchard Grove units are some of the largest in its submarket, there is room to bridge the gap between current rent/square foot and market rent/square foot.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $440.00 | 900 |
| 2+1 | 33 | $602.50 | 988 |
| 3+2 | 6 | $655.00 | 1,400 |
PROPERTY TAXES
| Parcel Number | M60-03210-0292 | Improvements Assessment | $67,150 |
| Land Assessment | $41,270 | Total Assessment | $108,420 |
PROPERTY TAXES
