1800, N, James H Mcgee, Boulevard, Dayton, OH, 45417
1800, N, James H Mcgee, Boulevard, Dayton, OH, 45417Location Details
- County Or Parish: Montgomery
- School District: Dayton
- Directions: N on Brooklyn Ave., W on James H McGee Blvd.
- Zoning: Commercial
Property Details
- Lot Dimensions: .891
- Parcel Number: R72-12109-0002
- Construction Type: Brick
- Subdivision Name: City/Dayton
- Distressed Property: None
- Transaction Type: Sale
Property Features
- Basement: Slab
- Heating: Other
- Cooling: None
- Garage: None
Miscellaneous
- Taxes Semi Annual: 5071.89
Basics
- Baths Full: 28
- Baths Half: 0
- Date added: Added 4 days ago
- Acres: 0.8910
- Listing Contract Date: 2024-08-23
- Category: Multi-Family
- Type: 5+ Units
- Status: Active
- Bedrooms: 28
- Bathrooms: 28.00
- Area: 21420 sq ft
- Lot size: 38812 sq ft
- Year built: 1966
- MLS ID: 918395
Courtesy of
- Office Name: Outside The Box Real Estate
- Agent Name: Max Wechter
- Agent Email: max@otbrealestate.com
- Agent Phone: (513) 549-7890
Description
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Description:
The property features 28 fully framed 1-bed/1-bath units, each spanning 650 square feet. A brand-new roof has been installed, ensuring the property’s longevity and reducing future maintenance costs. The framing for all 28 units is already complete, positioning this asset perfectly for immediate development.
What sets this opportunity apart even further are the city-approved construction drawings by the renowned Envisage Architecture. With these plans already greenlit by the City of Dayton, the property is ready for you to add the finishing touches and bring these units to market quickly and efficiently. With everything in place, this property is set to achieve an impressive 13%+ cap rate in its first year alone. This is more than just an investment; it's a golden opportunity to secure a high-yield asset in a growing market.
Properties like this, with such substantial upside and robust cash flow potential, are rare. Don’t miss your chance to add this lucrative asset to your portfolio. Act quickly—this property is bound to attract strong interest, and you’ll want to secure it before someone else does.
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