1602 Belvo Rd Active Save Request In-Person Tour Request Virtual Tour
Miamisburg,OH 45342
Key Details
Property Type Multi-Family
Sub Type Multi Fam 2-4 units
Listing Status Active
Purchase Type For Sale
Square Footage 7,680 sqft
Price per Sqft $111
MLS Listing ID 1844765
Year Built 1987
Lot Size 0.800 Acres
Property Sub-Type Multi Fam 2-4 units
Property Description
8-Unit Value-Add Portfolio. Side-by-Side TWO 4-Unit Buildings. Miamisburg, OH Rare opportunity to acquire 8 units across two identical 4-unit buildings, each on a separate parcel, located side by side in a high-demand Miamisburg rental corridor. To be sold together as a portfolio$860,000 total ($430,000 per building). Seller will not sell individually. Each building features four spacious 2BR/1.5BA townhome-style units, approx. 1,000 SF each, with private entrances, in-unit laundry, and two-story layouts. Recent updates and re-paved parking (2022) add further appeal. 1602 is vacant for showings. 7 of the 8 are rented. Currently rented below market: 4 units @ $1000+1 @ $950 = 2 @$900 + 1 vacant. Investment Highlights: 8.49% Pro Forma CAP at $1,150/month market rents ($9,200/month) Below-market rents with strong upside Well-maintained asset with functional layouts On-site parking | Asphalt lots resurfaced 2022
Location
State OH
County Montgomery
Area Montgomery-E30
Zoning Residential,Multi Family
Interior
Heating Gas
Cooling Central Air
Fireplaces Type None
Inclusions Dishwasher, Range, Fridge
Exterior
Exterior Feature Patio,Wood Fence,Yard Lights
Parking Features None
View Y/N Yes
View City
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Miamisburg City Sd