1602 Belvo Rd Active Save Request In-Person Tour Request Virtual Tour
Miamisburg,OH 45342
Key Details
Property Type Multi-Family
Sub Type Multi Fam 2-4 units
Listing Status Active
Purchase Type For Sale
Square Footage 7,680 sqft
Price per Sqft $111
MLS Listing ID 1844765
Year Built 1987
Lot Size 0.800 Acres
Property Sub-Type Multi Fam 2-4 units
Source Cincinnati Multiple Listing Service
Property Description
8-Unit Value-Add Portfolio. Side-by-Side TWO 4-Unit Buildings. Miamisburg, OH Rare opportunity to acquire 8 units across two identical 4-unit buildings, each on a separate parcel, located side by side in a high-demand Miamisburg rental corridor. To be sold together as a portfolio$860,000 total ($430,000 per building). Seller will not sell individually. Each building features four spacious 2BR/1.5BA townhome-style units, approx. 1,000 SF each, with private entrances, in-unit laundry, and two-story layouts. Recent updates and re-paved parking (2022) add further appeal. 1602 is vacant for showings. 7 of the 8 are rented. Currently rented below market: 4 units @ $1000+1 @ $950 = 2 @$900 + 1 vacant. Investment Highlights: 8.49% Pro Forma CAP at $1,150/month market rents ($9,200/month) Below-market rents with strong upside Well-maintained asset with functional layouts On-site parking | Asphalt lots resurfaced 2022
Location
State OH
County Montgomery
Area Montgomery-E30
Zoning Residential,Multi Family
Rooms
Basement None
Interior
Heating Gas
Cooling Central Air
Fireplaces Type None
Inclusions Dishwasher, Range, Fridge
Window Features Double Hung
Exterior
Exterior Feature Patio,Wood Fence,Yard Lights
Parking Features None
View Y/N Yes
Water Access Desc Public
View City
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Miamisburg City Sd
Others
Miscellaneous Individual Laundry