2848 Lansing Drive,Dayton OH 45420. Asking Price:82000

2848 Lansing Drive, Dayton, OH

MultiFamily in Dayton,OH
Get two fully occupied units in the Belmont neighborhood of Dayton. Each unit has one bedroom and one bathroom. The roof was replaced in 2020. A new furnace was installed in 2020, and the other furnace was replaced 5 years ago. The tenants maintain the lawn and pay utilities. The Belmont neighborhood encompasses part of the campus of the University of Dayton, and many of the university students live in houses and apartments in this area. Other nearby schools include Horace Mann Pre-K-8 School, Belmont High School and Dayton Early College Academy Inc School. This deal is a property management value add play. Local rent comps indicate that each unit could bring in $622/month. If rents were raised to market levels, gross monthly rent could rise from $800 to $1,244/month giving this one a solid 12.75% pro forma cap rate.