2803 Lansing Dr - Apartments FOR SALE


Dayton, OH 45420- Belmont
$574,285 USD
937-436-9494
2803 Lansing Dr, Dayton, OH for Sale
$574,285 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

2803 Lansing Dr
Dayton, OH 45420
Belmont


OVERVIEW

This turn key 5 unit consist of a 4 unit with an attached ranch style apartment. Each unit is a 2 bedroom, 1 bath unit and has been updated and move in condition. This building offers a rare combination of dependable cash floor, low management intensity and tenant stability. Fully leased (3 year lease) to a responsible tenant that pays all utilities and manages common day to day maintenance items. Built in renewal clause ensuring income growth after initial term ends in 2028. Annual gross income is $60,000.00. Totally updated, many capital improvements made. Operating expenses are minimal, long-term viability and strong market demand. 1000 square foot paved parking plus street parking

FOR SALE DETAILS

PRICE

$574,285 USD

PRICE/SF

$84 USD /SF

# OF UNITS

5

PRICE/UNIT

$114,857

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,769 SF

ZONING

Residential

APN/PARCEL ID

R72-14210-0023

ASK ABOUT THIS PROPERTY

Susan Piersall-HanesBerkshire Hathaway Professional RealtyMore Info
937-436-9494

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Susan Piersall-HanesBerkshire Hathaway Professional RealtyMore Info
937-436-9494

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