Listed by Keller Williams Community Part, Keller Williams Advantage Real
$3,750,000
Jackson Lane
Details
APN Q6542-065-000-183
Property Type Multifamily, Land
Sub Type Apartment Building, Residential
Square Footage 28,032
NOI $305,054
Year Built 1981
Multifamily
Marketing description
Well-maintained 48-unit multifamily community in Middletown, Ohio, featuring 48 spacious one-bedroom, one-bath apartments, each with a living room, dining area, and kitchen. This income-producing asset offers desirable tenant amenities, including an on-site leasing office, laundry facility, and dog park. Recent capital improvements include a new roof installed in 2022 and all new electrical service completed in 2023. Select units have also been updated with new hot water heaters, flooring, countertops, and other interior finishes. Rents continue to trend upward as units turn over, providing a clear path for continued revenue growth. The property also benefits from an on-site maintenance employee, with those expenses already incorporated into the current NOI. Located between Dayton and Cincinnati, this property presents an excellent investment opportunity with stable cash flow and additional upside potential through continued unit upgrades and operational efficiencies.
Listing Contacts
Listed by Keller Williams Community Part, Keller Williams Advantage Real
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$305,054.00
$25,421.17/mo
Valuation Metrics
0
DSCR
8.13%
Cap Rate
8.13%
ROI
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