Listed by GJS Ohio LLC
$1,650,000
Ryburn Apartments
Details
APN 72-10906-0031
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 22,113
Units 25
Cap Rate 7.3%
NOI $120,433
Occupancy 79%
Pro-Forma Cap Rate 8.61%
Pro-Forma NOI $142,021
Price per SqFt $75
Year Built 1951
Acreage 0.634
Multifamily | 25 Units | $66,000/unit
Marketing description
Excellent opportunity to acquire a well‑maintained 25‑unit multifamily property in Dayton, OH. The property features a diverse unit mix consisting of (7) efficiencies, (3) one‑bedroom/one‑bath units, and (15) two‑bedroom/one‑bath units, supporting broad tenant demand. Current ownership has completed numerous upgrades throughout the property, including in‑unit renovations, common area improvements, and additional capital enhancements that contribute to improved functionality and tenant appeal. The asset offers scale, strong unit mix, and continued upside potential for investors seeking stabilized multifamily housing in an established market.
Investment highlights
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Excellent opportunity to acquire a well‑maintained 25‑unit multifamily property in Dayton, OH. The property features a diverse unit mix consisting of (7) efficiencies, (3) one‑bedroom/one‑bath units, and (15) two‑bedroom/one‑bath units, supporting broad tenant demand. Current ownership has completed numerous upgrades throughout the property, including in‑unit renovations, common area improvements, and additional capital enhancements that contribute to improved functionality and tenant appeal. The asset offers scale, strong unit mix, and continued upside potential for investors seeking stabilized multifamily housing in an established market.
Listing Contacts
Listed by GJS Ohio LLC
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$120,433.00
$10,036.08/mo
Valuation Metrics
0
DSCR
7.3%
Cap Rate
7.3%
ROI
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