700 Morse Ave
Dayton, OH 45420

Description

Now accepting offers on this package of 3 multi-family buildings that total 24 units. All units are 1 bed/1 bath, many have been renovated in the past 2 years. 700 Morse Ave is a 8 unit building that has a new roof (1 year old), Newer electric outside and many other capital improvements already completed. All units are 1 bed and 1 bath with individual boilers for heat and Wall A/C units. Many long term tenants and is 100% occupied. 2609 Revere Ave is a 10 unit building. This building has a good mix of subsidized tenants as well as market. The subsidized tenants are almost all from Hope Housing which differs from Sections 8. 1315 Wyoming is a 6 unit building, all 1 bed and 1 bath units. Current updates include new roof and new electric inside and out. 100% occupied with a mix of subsidized and market tenants. The total of 24 units shows a current cap rate of over 10%. Many units have been renovated with new flooring, fixtures and more.

Details

MLS#765952
StyleIndustrial
Sub-TypeResale
StatusActive
Year1963
Days On Site46

Features

Story(s)1

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Area Information

StateOH
CountyMontgomery
CityDayton
Zip Code45420
AreaMontgomery
Listing VS Median (in 45420)
Price:
$799,000
low | high
Med:
$89,950
100% of Average
On Site:
46
low | high
Med:
8
100% of Average
Listing Updated: 07/19/2018
MLS Number: 765952
Listing Provided By:
Scott Kaster  of  NAI Bergman