2615 N Gettysburg Ave - Apartments FOR SALE


Dayton, OH 45406- Northern Hills
$235,000 USD
937-657-2876
2615 N Gettysburg Ave, Dayton, OH for Sale
$235,000 USD
Apartments - FOR SALE
1/18
null | 13.08% Cap Rate

2615 N Gettysburg Ave
Dayton, OH 45406
Northern Hills


HIGHLIGHTS

  • Fully occupied 5-unit apartment building providing immediate and consistent in-place cash flow.
  • Five separate income streams reduce vacancy risk compared to smaller multifamily assets.
  • Individual electric panels and well-maintained mechanicals help limit near-term capital expenses.
  • Located in an established Dayton workforce-housing submarket with strong small-multifamily investor demand.
  • Upside through rent growth and efficient management without major renovations.

OVERVIEW

2615 N Gettysburg Avenue presents an opportunity to acquire a fully occupied five-unit multifamily investment at an attractive cost of approximately $49,800 per unit.? The property currently generates $3,600 per month in scheduled rent, providing immediate in-place income from the date of acquisition.? Ownership has completed more than $83,000 in documented capital improvements, including updates to the furnaces, water heaters, windows and other building components.? Each unit has separate gas and electric service, while the property is served by one water meter.? With full occupancy, established rental income and substantial recent improvements already completed, this property offers investors a straightforward addition to an existing portfolio or an accessible entry into multifamily ownership.?

FOR SALE DETAILS

PRICE

$235,000 USD

PRICE/SF

$67 USD /SF

# OF UNITS

5

PRICE/UNIT

$47,000

CAP RATE

13.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

Multi Family

APN/PARCEL ID

R72-16008-0003

ASK ABOUT THIS PROPERTY

Greg BlattThe Blatt Group-KW Commercial Community PartnersMore Info
937-657-2876

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Greg BlattThe Blatt Group-KW Commercial Community PartnersMore Info
937-657-2876

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