27-41 Rita St - Apartments FOR SALE


Dayton, OH 45404- Old North Dayton
$629,000 USD
937-287-5129
27-41 Rita St, Dayton, OH for Sale
$629,000 USD
Apartments - FOR SALE
1/17
null | 7.69% Cap Rate

27-41 Rita St
Dayton, OH 45404
Old North Dayton


HIGHLIGHTS

  • The property has undergone substantial improvements
  • New roof Oct., 2024
  • 100% Occupied

OVERVIEW

Introducing a prime investment opportunity! This retro gem, built in 1958, boasts a 4,794 SF building, with 8 2 bedroom, 1 bath units, offering a lucrative rental income stream. Situated in the vibrant Dayton area, this property has undergone significant improvements, including a new roof in October 2024. Whether you're an established investor or entering the multifamily market, this property offers a compelling opportunity to enhance your portfolio and maximize returns. RECENT UPDATES INCLUDE: New Roof 2024 $28,600 Front Gutters Replaced 2026 $4,150 HVAC Improvements (4 Furnaces & 8 A/C Units) 2021 $24,400 Water Heater Replacements (Various Units) 2016–2023 $7,000 Electrical Service Upgraded to 100 AMP 2019 Included Select Window Replacements 2021–2025 $5,000 Interior Unit Renovations & Updates (Flooring, Kitchens, Bathrooms, Paint & Misc. Improvements) 2021–2025 $64,000

FOR SALE DETAILS

PRICE

$629,000 USD

PRICE/SF

$97 USD /SF

# OF UNITS

8

PRICE/UNIT

$78,625

CAP RATE

7.69%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

-

APN/PARCEL ID

R72-05205-0056

ASK ABOUT THIS PROPERTY

Doug BroomhallWest Fork Realty Group, LLCMore Info
937-287-5129

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Doug BroomhallWest Fork Realty Group, LLCMore Info
937-287-5129

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