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Jeff Boyle

jeff@jeffboylegroup.com +1(513) 295-5750

$ 3,750,000

Est. payment | -/mo

28,032 SqFt

Save

$ 3,750,000

Est. payment | -/mo

Save

28,032 SqFt

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 28,032 sqft

Price per Sqft $133

MLS Listing ID 1877557

Year Built 1981

Property Sub-Type Apartment

Source Cincinnati Multiple Listing Service

Property 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.

Location

State OH

County Butler

Area Butler-W19

Zoning Residential,Multi Family

Rooms

Basement None

Interior

Heating Electric

Cooling Wall Unit

Fireplaces Type None

Inclusions Refrigerator, Range

Window Features Slider

Exterior

Parking Features None

View Y/N No

Water Access Desc Public

Roof Type Shingle

Building

Foundation Poured

Sewer Public Sewer

Water Public

Level or Stories Three

New Construction No

Schools

School District Middletown City Sd

Others

Miscellaneous Coin Laundry,Smoke Alarm

Listed by Keller Williams Community Part

Nearby Locations

GET MORE INFORMATION

Jeff Boyle

REALTOR® | Lic# 2009001955

jeff@jeffboylegroup.com

+1(513) 295-5750

9277 Centre Pointe Dr, Suite 200, West Chester, OH, 45069

1631 Jackson Ln Middletown, OH 45044

Jeff Boyle

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

1631 Jackson Ln