4840 Springfield St - Apartments FOR SALE


Dayton, OH 45431- Outer East Dayton
$515,000 USD
937-360-9952
4840 Springfield St, Dayton, OH for Sale
$515,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

4840 Springfield St
Dayton, OH 45431
Outer East Dayton


HIGHLIGHTS

  • Turnkey Investment Opportunity
  • Recent Renovations
  • Outstanding Rental Market (Workforce, University, Military)

OVERVIEW

Turnkey 8-Unit Multifamily Investment Opportunity Property Overview Built in 1971, this 5,332 SF multifamily building features 8 total units: seven 1-bedroom/1-bathroom and one 2-bedroom/1-bathroom. Seven of the eight units have been fully renovated with modern upgrades. Interior & Exterior 7 Renovated Units: LVP flooring, cabinets, countertops, paint- All units include dishwashers- Coin laundry in common area closet- Brick exterior, slab foundation- Heating: Baseboard | Cooling: Window A/C units Financial Snapshot One-Bed Rents: $695 | Two-Bed Rent: $675 (Market Rent: $850)- Gross Rent Potential: $66,000+ annually (current rents 15-20% below market)- Rent Roll & 12-month trailing P&L available upon request- Upside potential in rents & final renovation Location Advantages Less than 1 mile from Wright-Patterson Air Force Museum & WPAFB- Easy access to I-675 & US-35- Strong tenant demand from military, students, and workforce housing Investment Summary 4840 Springfield St. represents a stabilized, cash-flowing investment with modern renovations, a solid roof, and strong demand drivers. The property offers reliable income with opportunities for rent growth and long-term appreciation. Contact Pat Williams | Coldwell Banker Commercial | Heritage937.360.9952 | patrick.williams@cbcommercial-heritage.com

FOR SALE DETAILS

PRICE

$515,000 USD

PRICE/SF

$97 USD /SF

# OF UNITS

8

PRICE/UNIT

$64,375

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Occupied | 8 Unit Multi-Family

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

R-7

APN/PARCEL ID

I39-00109-0009,I39-00109-0010

ASK ABOUT THIS PROPERTY

Patrick WilliamsColdwell Banker Commercial | HeritageMore Info
937-360-9952

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Patrick WilliamsColdwell Banker Commercial | HeritageMore Info
937-360-9952

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