440-474-2269
3217 Wilmington Pike, Dayton, OH for Sale
Apartments - FOR SALE
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3217 Wilmington Pike
Dayton, OH 45429
Outer Centerville/Kettering


OVERVIEW

The Flats at Wilmington Pike offers investors a stabilized, cash-flow opportunity in Kettering, OH, the top-ranked submarket among 21 in the Dayton metro for both rent and rent growth (6.8% year-over-year), with zero new units under construction. The 24-unit, all-studio community is 100% occupied, providing a buyer with banked, de-risked in-place income from day one. Meaningful upside remains in-place rents of $704 sit 18% below the $830 pro forma, achievable through local management efforts lifting stabilized NOI to $120,674; a 29% increase over the trailing figures. Demand is anchored by Wright-Patterson AFB (~38,000 employees) and Kettering Health (~12,000) within a trade area carrying a median household income near $72,000, and a school district that ranks in the top 20th percentile of Ohio districts. The deal can be summarized as a low-execution-risk, yielding investment with a defined path to increased income.

FOR SALE DETAILS

PRICE

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# OF UNITS

24

CAP RATE

Request Cap Rate

% LEASED

37%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Flats at Wilmington Pike

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1977

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

-

APN/PARCEL ID

N64-03405-0007

ASK ABOUT THIS PROPERTY

Jordan DickmanMarcus & MillichapMore Info
440-474-2269

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Jordan DickmanMarcus & MillichapMore Info
440-474-2269

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