Stabilized asset with significant upside through rent increases. 8.49% Pro Forma CAP. Exceptional opportunity to acquire two 4-family apartment building in one of the most sought-after rental submarkets in Miamisburg. Each building consists of 4-spacious 2-bedroom, 1.5-bath townhome-style units, approx. 1,000 SF each. Highly functional layouts feature private entrances, in-unit laundry, & two-story living with kitchen, living room, laundry & half bath on first floor, & 2 bedrooms & full bath upstairs. Plenty of updates include not limited to: Laminate flooring, concrete patios, exterior lights front and back, New ACs etc. This is a rare opportunity to acquire 8 units on two separate parcels, side by side, in a high-demand rental location.
• Gross Scheduled Income: $110,400 (Market Rents $1,150/month)
• Other Income (Utility Bill-Backs): $9,703
• Gross Potential Income: $120,103
• Operating Expenses: $51,923
• Net Operating Income (NOI): $72,980