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 propertys 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. Dont miss your chance to add this lucrative asset to your portfolio. Act quickly"this property is bound to attract strong interest, and youll want to secure it before someone else does.
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28BEDS
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0.89ACRES
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28BATHS
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01/2 BATHS
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21,420SQFT
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$28$/SQFT
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 propertys 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. Dont miss your chance to add this lucrative asset to your portfolio. Act quickly"this property is bound to attract strong interest, and youll want to secure it before someone else does.
The data relating to real estate for sale on this website comes in part from the Dayton Area Board of REALTORS® MLS IDX Database. Real estate listings held by brokerage firms other than Irongate Realtors | Dayton's Home Team are marked with the IDX logo and detailed information about them includes the name of the listing brokers. IDX information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Data last updated 2024-09-11T21:04:09.87.
Listing provided courtesy of Max Wechter of Outside The Box Real Estate: . © 2024 Dayton Area Board of REALTORS® MLS. Information Deemed Reliable But Not Guaranteed.