Flats at Wilmington Pike
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The Flats at Wilmington Pike offers investors a stabilized, cash-flow opportunity in Kettering, OH, the top-ranked submarket among 21 in the Dayton metro for both rent and rent growth (6.8% year-over-year), with zero new units under construction. The 24-unit, all-studio community is 100% occupied, providing a buyer with banked, de-risked in-place income from day one. Meaningful upside remains in-place rents of $704 sit 18% below the $830 pro forma, achievable through local management efforts lifting stabilized NOI to $120,674; a 29% increase over the trailing figures. Demand is anchored by Wright-Patterson AFB (~38,000 employees) and Kettering Health (~12,000) within a trade area carrying a median household income near $72,000, and a school district that ranks in the top 20th percentile of Ohio districts. The deal can be summarized as a low-execution-risk, yielding investment with a defined path to increased income.
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