200 Central AVE DAYTON Dayton OH 45406 (MLS# 892174)

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200 Central AVE DAYTON OH 45406

Listing Information
Price	$2,100,000
Listing Number	892174

Driving Directions
Grafton to superior to central

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Agent Remarks
This amazing 42 unit multi-family property is an incredibly rare find. If you have ever dreamed of purchasing a value-add multifamily building that cash flows from day one without having to do any of the heavy lifting and that is priced below market comps on the same street, we have the reality to your dream. This gorgeous property consists of two buildings on the corner of Central and Superior with 30 studio units and 12 one bedroom units. Currently at a 10% vacancy, these units lease extremely fast and easy at fair market rents. Current owners did the heavy lifting by increasing rents, replacing all windows, facia and soffit, new roof in 2023 on Superior & consistent preventative maintenance on the Central roof that is less than 10 years old. The owners have replaced a great portion of the plumbing and Superior has a brand new boiler as of 2023. Both buildings have a laundry room that is commercially managed and the building has been professionally managed. This property sits in the thriving Grafton Hills Neighborhood within walking distance to the Grandview Medical Center, Downtown, Art Institute and all of the riverways. This neighborhood has seen fantastic re-development and the City has certainly placed a focus in this area for investment. To make this property even more intriguing the owners have left meat on the bone for next owner as comps on the same street are much higher per door. Do not miss your opportunity to add this Gem to your portfolio. Please do not disturb tenants or enter the property without approval

Agent Remarks

This amazing 42 unit multi-family property is an incredibly rare find. If you have ever dreamed of purchasing a value-add multifamily building that cash flows from day one without having to do any of the heavy lifting and that is priced below market comps on the same street, we have the reality to your dream. This gorgeous property consists of two buildings on the corner of Central and Superior with 30 studio units and 12 one bedroom units. Currently at a 10% vacancy, these units lease extremely fast and easy at fair market rents. Current owners did the heavy lifting by increasing rents, replacing all windows, facia and soffit, new roof in 2023 on Superior & consistent preventative maintenance on the Central roof that is less than 10 years old. The owners have replaced a great portion of the plumbing and Superior has a brand new boiler as of 2023. Both buildings have a laundry room that is commercially managed and the building has been professionally managed. This property sits in the thriving Grafton Hills Neighborhood within walking distance to the Grandview Medical Center, Downtown, Art Institute and all of the riverways. This neighborhood has seen fantastic re-development and the City has certainly placed a focus in this area for investment. To make this property even more intriguing the owners have left meat on the bone for next owner as comps on the same street are much higher per door. Do not miss your opportunity to add this Gem to your portfolio. Please do not disturb tenants or enter the property without approval

Property Information

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General Information
Property Type	Multi-Family
Style	5+ Units
County	MONTGOMERY
Subdivision	Dayton
Zip Code	45406
School District	Dayton City SD
Listing Number	892174

Property Features
Basement	Full
Garage	4 or More
Heating	Natural Gas
Cooling	Wall

Multi-Family Information

Additional Information
Construction	Brick
Lot Dimensions	75x200
Occupancy	At Closing
Semi-Annual Taxes	$5,025.00

Additional Features

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This listing courtesy of eXp Realty. All Information is believed accurate, but is NOT guaranteed.

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