440-474-2269
237-311 N 12th St, Miamisburg, OH for Sale
Apartments - FOR SALE
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237-311 N 12th St
Miamisburg, OH 45342
Downtown Miamisburg


OVERVIEW

The Flats at Sycamore Creek presents investors with strong in-place cash flow and a clear path to increased income with a fully renovated and deferred maintenance addressed building in Miamisburg; a top-5 Dayton submarket for rent that has delivered zero new supply in five years, with nothing under construction. The 36-unit, all two-bedroom garden community is 97.2% occupied, with in-place rents of $962 supporting a clear mark-to-market path to $1,175 through natural turnover and local management, a 22% rental increase that keeps the asset comfortably below prevailing submarket rents. Demand is anchored by the Austin Landing employment hub roughly two miles away (Teradata, PNC, LexisNexis, Kettering Health), with Yaskawa and GE Aerospace expanding along the I-75 corridor. Even at the pro forma rent, units remain deeply affordable at only 19% of the area's $70–75K median income and $550–700 per month cheaper than owning in the submarket. The result is a low-risk yielding investment with significant, market-validated rent upside in a supply-protected corridor.

FOR SALE DETAILS

PRICE

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# OF UNITS

36

CAP RATE

Request Cap Rate

% LEASED

72%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Flats at Sycamore Trails

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,102 SF

ZONING

C

APN/PARCEL ID

K46-00407-0023

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.