Listed by The Windsor Companies
$5,950,000
Garland Court Apartments
Details
APN A02-0002-0001-0-0014-00
Property Type Multifamily
Sub Type Apartment Building
Units 64
Cap Rate 7.81%
NOI $464,709
Occupancy 91%
Pro-Forma Cap Rate 8.44%
Pro-Forma NOI $502,133
Class B
Year Built 1965
Year Renovated 2024
Buildings 6
Stories 2
Acreage 3.000
Parking Spaces 120 spaces
Investment Type Stabilized
Multifamily | 7.81% CAP | 64 Units
Marketing description
Garland Court Apartments is a stabilized, cash-flowing multifamily community located in a supply-constrained Fairborn submarket supported by Wright-Patterson Air Force Base and Wright State University. The 64-unit produces durable in-place income, with clear, low-risk upside driven by leasing five vacant units at existing market rents.
- Address: 332 W. Garland Ave, Fairborn, OH
- Property Type: Residential
- Buildings: 6
- # of Units 64
- Vacant Units 6
- 1 Bed / 1 Bath: 16 Units - 795 SF
- 2 Bed / 1 Bath: 48 Units - 864 SF
- Occupancy Rate: 90.6%
- Floors: Two (2)
Investment highlights
With no reliance on heavy renovations or speculative rent growth, Garland Court offers investors a straightforward acquisition with immediate NOI expansion and long-term income stability.
✔ Renovated asset
✔ Strong in-place income
✔ Organic rent growth opportunity
✔ Minimal capital required
✔ Immediate NOI upside
Listing Contacts
Listed by The Windsor Companies
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$464,709.00
$38,725.75/mo
Valuation Metrics
0
DSCR
7.81%
Cap Rate
7.81%
ROI
Map
Zoning
CC CommercialNeighborhood CommercialCommunity Commercial
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View all 40 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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