423 Briarwood Ave - Apartments FOR SALE


Dayton, OH 45403- Wright View
$595,000 USD
937-478-6858
423 Briarwood Ave, Dayton, OH for Sale
$595,000 USD
Apartments - FOR SALE
1/2
null | 7.96% Cap Rate

423 Briarwood Ave
Dayton, OH 45403
Wright View


HIGHLIGHTS

  • Close to all transportation
  • Bike path nearby
  • Secure Building

OVERVIEW

Exceptional opportunity to acquire a 10-unit apartment building in the heart of Dayton's thriving rental market. The property is currently approximately 50% occupied, primarily due to ownership vacating units during the replacement of the entire underground sewer system from the building to the street—a major capital improvement that has already been completed. This property has a proven history of strong occupancy and cash flow and is positioned to return to full performance under new ownership. Many of the units have been renovated over the years, with several requiring only light cosmetic updates to bring them back online. The current pricing reflects the remaining work needed, creating an attractive value-add opportunity for investors looking to build equity and increase cash flow. The current owners have chosen to focus their efforts on other business ventures, creating an opportunity for the next investor to capitalize on the property's strong fundamentals and upside potential. Located in Dayton's Gem City, this asset offers investors the chance to acquire a well-established multifamily property with significant upside, major infrastructure improvements already completed, and a clear path to increased occupancy and revenue Highlights: 10-unit apartment building Major sewer line replacement completed from building to street Approximately 50% occupied due to renovation and sewer work Strong historical occupancy and income performance Several units previously renovated Light rehab needed in select units Value-add opportunity with upside in rents and occupancy Convenient Dayton location with strong rental demand Whether you're looking to expand your portfolio or reposition an underperforming asset, 423 Briarwood offers the foundation for long-term success and strong future returns.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$79 USD /SF

# OF UNITS

10

PRICE/UNIT

$59,500

CAP RATE

7.96%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,213 SF

ZONING

-

APN/PARCEL ID

R72-04811-0021

ASK ABOUT THIS PROPERTY

Todd PultzAgora's Maxxed Out RealtyMore Info
937-478-6858

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

Todd PultzAgora's Maxxed Out RealtyMore Info
937-478-6858

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