200 Central Ave - Apartments FOR SALE


Dayton, OH 45406- Grafton Hill
$1,900,000 USD
440-474-2269
200 Central Ave, Dayton, OH for Sale
$1,900,000 USD
Apartments - FOR SALE
1/15
null | 6.4% Cap Rate

200 Central Ave
Dayton, OH 45406
Grafton Hill


HIGHLIGHTS

  • Recent capex since 2021 including roofs, windows, electrical, and interior upgrades reduces near-term capital needs and improves long-term durability.
  • Value-add potential through lease-up to market occupancy, rent growth on renovated units, and monetizing underutilized garage parking.
  • Located near downtown Dayton and major employers including Kettering Health and the University of Dayton, supporting consistent renter demand.

OVERVIEW

Marcus & Millichap is pleased to present Central Superior, a 42-unit multifamily investment opportunity located at 200 Central Avenue and 333 Superior Avenue in Dayton, Ohio. The property consists of two adjacent brick apartment buildings totaling approximately 17,472 rentable square feet and situated on a 0.46-acre site in the Grafton Hill submarket. With extensive recent capex, in-place income, and value-add opportunities through vacancy reduction, garage income, and implementation of bulk internet programs, Central Superior offers investors a performing asset with meaningful upside in a growing Dayton submarket. Link to deal vault with OM, financials and RR: https://www.marcusmillichap.com/properties/200059/central-superior

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$79 USD /SF

# OF UNITS

42

PRICE/UNIT

$45,238

CAP RATE

6.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Central Superior

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1967

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

MR-5

APN/PARCEL ID

R72-06501-0034

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 Notice.