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31843993
31844003

2871 Us Route 35 E, West Alexandria, OH 45381

TB
OH 2016002482
E-Merge Real Estate
AS
OH 2016004505, OH
e-Merge Real Estate
Listed by E-Merge Real Estate, e-Merge Real Estate
$850,000
47 days on market
Updated 43 days ago

2871 Us Route 35 E

Details
APN K36-6331-4-0-00-003-4000
Property Type Multifamily, Hospitality
Sub Type Apartment Building, Hotel
Square Footage 1,672
Units 20
Cap Rate 9.41%
NOI $80,000
Pro-Forma Cap Rate 9.41%
Price per SqFt $210
Year Built 1956
Year Renovated 2024
Lot Size (SqFt) 129,781
Zoning RR

Multifamily | 9.41% CAP | 20 Units

Marketing description

Introducing a prime opportunity for Hospitality/Full Service investors! This meticulously renovated property, located at 2871 Us Route 35 E, West Alexandria, OH, 45381, boasts a 1,672 SF building with 20 units, all recently updated to provide the ultimate in guest comfort. Built in 1956 and thoughtfully renovated in 2024, this property is ideally suited for those seeking a turnkey investment in the thriving Dayton Area market. Zoned RR and strategically positioned for maximum visibility, this property presents a compelling opportunity for investors aiming to capitalize on the burgeoning hospitality sector in the area.

In the heart of the dynamic Dayton Area market, the property offers a prime investment opportunity for Hospitality/Full Service investors. With 20 recently updated, rentable rooms, each featuring a luxurious king-size bed, the property is perfectly positioned to cater to the discerning traveler. Located at 2871 Us Route 35 E, West Alexandria, OH, 45381, the area is surrounded by attractions such as the National Museum of the US Air Force, Dayton Art Institute, and the vibrant Oregon Historic District. The property's convenient access to dining, entertainment, and transportation links makes it an irresistible choice for hospitality investment in this thriving market.

Investment highlights

  • 20 Rentable Rooms
  • All King Size Beds
  • Rooms Remodeled in 2024
  • 2bed/1Bath Owners Apartment
  • Number of Units 20
  • Lot Size 129,781 SF
  • Video Link: https://jpg-media.aryeo.com/videos/019d9cbe-7a13-70b1-8315-f4961faf2316?v=156
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Listing Contacts

TB
OH 2016002482
E-Merge Real Estate
AS
OH 2016004505, OH
e-Merge Real Estate
Listed by E-Merge Real Estate, e-Merge Real Estate

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Loan Amount
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Annual Debt Service
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$80,000.00
$6,666.67/mo

Valuation Metrics

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DSCR
9.41%
Cap Rate
9.41%
ROI

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Additional Information

Name
Thomas Buoni
License
2016002482
Name
Anish Shah
License
2016004505
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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