1501-1515 Riverside Dr - Apartments FOR SALE


Dayton, OH 45405- Riverdale
$600,000 USD
440-474-2269
1501-1515 Riverside Dr, Dayton, OH for Sale
$600,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

1501-1515 Riverside Dr
Dayton, OH 45405
Riverdale


HIGHLIGHTS

  • Substantial capital improvements made over the past 12 month, including new plumbing, electrical, HVAC, roof, windows, insulation, and exterior work.
  • Desirable configurations - each unit is equipped with individual HVAC systems (new electric furnaces and AC condensers) and submetered for water
  • Located five minutes from downtown Dayton, the property is within a designated Community Reinvestment Area (CRA) - potential 15-year tax abatement

OVERVIEW

Marcus & Millichap is pleased to present 1501 Riverside, a 14-unit multifamily redevelopment opportunity located in Dayton’s Riverdale submarket. The property includes eight one-bedroom and six two-bedroom units totaling 7,848 rentable square feet. Significant exterior and mechanical upgrades have been completed in the past year - including new plumbing, electric, HVAC systems, windows, and roofing - positioning the asset for interior completion and lease-up. 1501 Riverside is located within a Community Reinvestment Area (CRA), offering investors the potential for a 15-year tax abatement upon completion in a growing submarket near downtown Dayton.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$65 USD /SF

# OF UNITS

14

PRICE/UNIT

$42,857

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

-

APN/PARCEL ID

R72-06008-0022

ASK ABOUT THIS PROPERTY

Jordan DickmanMarcus & MillichapMore Info
440-474-2269

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Jordan DickmanMarcus & MillichapMore Info
440-474-2269

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