311 Marathon Ave - Apartments FOR SALE


Dayton, OH 45406- Santa Clara
$224,900 USD
937-287-5129
311 Marathon Ave, Dayton, OH for Sale
$224,900 USD
Apartments - FOR SALE
1/2
null | 10.91% Cap Rate

311 Marathon Ave
Dayton, OH 45406
Santa Clara


HIGHLIGHTS

  • 4,704 SF building
  • 5 units
  • Garage parking
  • Built in 1945

OVERVIEW

The seller would like to close on this within 30 DAYS as he has another larger property pending that he wants buy. Presenting an exceptional opportunity for multifamily investors, this low-rise property at 311 Marathon Ave in Dayton, OH offers a spacious 4,704 SF building with 5 units, air conditioned, and currently at an 80% occupancy rate. The 5th unit in the basement needs rehabbed. There are detached garages in the rear of the building. Built in 1945 and zoned MR-5, this investment showcases strong historical performance and potential for continued success in the thriving Dayton area. Each unit provides comfortable living spaces, and the property is positioned for increased occupancy and rental income. With an additional upside potential, this investment opportunity represents an attractive option for multifamily investors seeking to expand their portfolio in the dynamic Dayton market.

FOR SALE DETAILS

PRICE

$224,900 USD

PRICE/SF

$48 USD /SF

# OF UNITS

5

PRICE/UNIT

$44,980

CAP RATE

10.91%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

311 Marathon Ave.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

MR5

APN/PARCEL ID

R72-07004-0023,R72-07004-0024,R72-07004-0049

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.