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1430-1434 N James H Mcgee Blvd
Dayton, OH 45402 Westwood-Montgomery

$330,000

Apartments For Sale  •  12,814 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 12,814 Sq Ft
  • Lot Size 0.55 ac
  • Building Class C
  • Year Built 1964
0 Transit Score
13 Walk Score

Description

Jennifer M. Donathan of KW Commercial and Lisa Pollard of West Fork Realty are pleased to present for sale an excellent value add opportunity.  The offering consists of 2 brick contiguous buildings with a total of 16 units located at 1430-1434 James H. McGee Boulevard in Dayton Ohio.
The property consists of two 8 unit brick buildings with pitched roofs.  The buildings are 2 stories with all one bed / one bath units.  Each unit features separate gas furnace and hot water tank.  Tenants pay heat, electric and gas to heat water.    Owner pays water, sewer, and trash.  Owner provides wall a/c units.   The property provides 16 parking spaces located in front and rear of building.  
Value Add Opportunity – 
The property currently has 7 vacancies and has deferred maintenance. CASH OFFERS ONLY, AS-IS SALE.  The financials in this offering reflect the current rent roll at 90% occupancy and 2019 actual expenses.

Highlights

CASH OFFERS ONLY! AS-IS SALE
Tenants Pay Heat, Electric, Individual Gas Furnaces
All Brick Construction / Pitched Roofs
Value-Add Opportunity - Below Market Rents / 57% Occupied
$20,625/Unit

Financial Summary (Proforma)

Net Operating Income: $41,398 (2019)
Total Expenses: $25,832

Public Transportation

AirportDriveWalkDistance
Dayton International Airport 25 min - 13.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Jennifer Donathan 513-520-3540 KW Commercial
Jennifer Donathan 513-520-3540 KW Commercial