29
See all 29 photos
$599,900
Est. payment /mo
28 BD
28 BA
21,420 SqFt
Active
1800 N James H Mcgee Boulevard Dayton, OH 45417
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UPDATED:
08/23/2024 05:34 PM
Key Details
Property Type Multi-Family, Commercial
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 21,420 sqft
Price per Sqft $28
MLS Listing ID 918395
Bedrooms 28
Full Baths 28
Year Built 1966
Annual Tax Amount $10,142
Lot Size 0.891 Acres
Lot Dimensions .891
Property Description
The property features 28 fully framed 1-bed/1-bath units, each spanning 650 square feet. A brand-new roof has been installed, ensuring the property’s longevity and reducing future maintenance costs. The framing for all 28 units is already complete, positioning this asset perfectly for immediate development.
What sets this opportunity apart even further are the city-approved construction drawings by the renowned Envisage Architecture. With these plans already greenlit by the City of Dayton, the property is ready for you to add the finishing touches and bring these units to market quickly and efficiently. With everything in place, this property is set to achieve an impressive 13%+ cap rate in its first year alone. This is more than just an investment; it's a golden opportunity to secure a high-yield asset in a growing market.
Properties like this, with such substantial upside and robust cash flow potential, are rare. Don’t miss your chance to add this lucrative asset to your portfolio. Act quickly—this property is bound to attract strong interest, and you’ll want to secure it before someone else does.
What sets this opportunity apart even further are the city-approved construction drawings by the renowned Envisage Architecture. With these plans already greenlit by the City of Dayton, the property is ready for you to add the finishing touches and bring these units to market quickly and efficiently. With everything in place, this property is set to achieve an impressive 13%+ cap rate in its first year alone. This is more than just an investment; it's a golden opportunity to secure a high-yield asset in a growing market.
Properties like this, with such substantial upside and robust cash flow potential, are rare. Don’t miss your chance to add this lucrative asset to your portfolio. Act quickly—this property is bound to attract strong interest, and you’ll want to secure it before someone else does.
Location
State OH
County Montgomery
Zoning Commercial
Rooms
Basement Slab
Interior
Heating Other
Cooling None
Exterior
Parking Features None
Building
Structure Type Brick
Schools
School District Dayton
Listed by Outside The Box Real Estate