2628 St Charles Ave - Apartments FOR SALE


Dayton, OH 45410- Linden Heights
$374,900 USD
937-602-7681
2628 St Charles Ave, Dayton, OH for Sale
$374,900 USD
Apartments - FOR SALE
1/71
null | 9.5% Cap Rate

2628 St Charles Ave
Dayton, OH 45410
Linden Heights


HIGHLIGHTS

  • 6 unit corner building
  • close to highways, easily accessible
  • well maintained building

OVERVIEW

Very nice 6 unit apartment building on the corner of Saint Charles and Pershing. All units are 1 bed 1 bath with separate electric meters. all units are equipped with central air units. roof is approx. 10 years old. a few furnaces have been replaced over the last few years. most water heaters are newer. 2 units very nicely remodeled. 2 units have had long term tenants. all 6 units are rented out currently from rents ranging in the 525 area to 800 a month 525,575,600,675,700,800 are the unit rental prices. Expenses for the building are taxes, insurance, lawn, water and trash removal. some leases include $25 water bill charges. Owner pays roughly 2000 a year on insurance and has $800 water bills every 3 months for entire building. Market rents for all units should be around 750 a month. 2 leases are newer(600,675), the rest are expired or nearing expiration.at market rents the buildings numbers are 6.94 grm at 11.6 cap rate generating 43600 in profit every year.

FOR SALE DETAILS

PRICE

$374,900 USD

PRICE/SF

$89 USD /SF

# OF UNITS

6

PRICE/UNIT

$62,483

CAP RATE

9.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,435 SF

ZONING

c apartments

APN/PARCEL ID

R72-15105-0083

ASK ABOUT THIS PROPERTY

Daryl EmmonsHoward Hanna Real Estate ServicesMore Info
937-602-7681

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Daryl EmmonsHoward Hanna Real Estate ServicesMore Info
937-602-7681

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