1206 Union Rd - Apartments FOR SALE


Englewood, OH 45322
$2,750,000 USD
937-339-2300
1206 Union Rd, Englewood, OH for Sale
$2,750,000 USD
Apartments - FOR SALE
1/14
null | 8.06% Cap Rate

1206 Union Rd
Englewood, OH 45322


OVERVIEW

This unique opportunity consists of five multi-family apartment buildings, totaling 26 units, plus a leasing office, all located at 1206 Union Blvd, Englewood, Ohio, also known as Gateway Village Apartments. The leasing office could be leased as office or converted to an additional unit. There are (6) one bed, (14) two bed and (6) three bedroom units and 2 of the units are handicap accessible. There is on-site parking for tenants and guests along with on-site laundry facilities that generate about $500/month, regularly. We have long term tenants with families and pets, which also generates additional income at approximately $500 per month . Excellent location off Wenger Road, close to Dayton International Airport, Kroger Grocery Store, Amazon Distribution Center and more. Excellent rental area. Seller has self-managed for years and is now looking to retire. Rents are seriously under-market which represents a generous upside potential to any investor. Occupancy remains high and turn time is less than 10 days on any unit.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$91 USD /SF

# OF UNITS

26

PRICE/UNIT

$105,769

CAP RATE

8.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gateway Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.65 AC

LAND SF

115,608 SF

ZONING

Commercial MF

APN/PARCEL ID

M57-00310-0001

ASK ABOUT THIS PROPERTY

Tammy LambertBruns Realty GroupMore Info
937-339-2300

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Tammy LambertBruns Realty GroupMore Info
937-339-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.