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1206 Union Rd
Englewood, OH 45322
Gateway Village · Multifamily Property For Sale
·
26 Units
EXECUTIVE SUMMARY
PRICE JUST REDUCED This unique opportunity consists of five multi-family apartment buildings, totaling 26 units, plus a leasing office, all located at 1206 Union Blvd, Englewood, Ohio, also known as Gateway Village Apartments. The leasing office could be leased as office or converted to an additional unit.
There are (6) one bed, (14) two bed and (6) three bedroom units and 2 of the units are handicap accessible. There is on-site parking for tenants and guests along with on-site laundry facilities that generate about $500/month, regularly. We have long term tenants with families and pets, which also generates additional income at approximately $500 per month .
Excellent location off Wenger Road, close to Dayton International Airport, Kroger Grocery Store, Amazon Distribution Center and more. Excellent rental area. Seller has self-managed for years and is now looking to retire. Rents are seriously under-market which represents a generous upside potential to any investor. Occupancy remains high and turn time is less than 10 days on any unit.
There are (6) one bed, (14) two bed and (6) three bedroom units and 2 of the units are handicap accessible. There is on-site parking for tenants and guests along with on-site laundry facilities that generate about $500/month, regularly. We have long term tenants with families and pets, which also generates additional income at approximately $500 per month .
Excellent location off Wenger Road, close to Dayton International Airport, Kroger Grocery Store, Amazon Distribution Center and more. Excellent rental area. Seller has self-managed for years and is now looking to retire. Rents are seriously under-market which represents a generous upside potential to any investor. Occupancy remains high and turn time is less than 10 days on any unit.
PROPERTY FACTS
| Price Per Unit | $140,430 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.65 AC |
| Cap Rate | 8.61% | Building Size | 30,303 SF |
| No. Units | 26 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1991 |
| Apartment Style | Garden | ||
| Zoning | Commercial MF - Commercial MF | ||
| Price Per Unit | $140,430 CAD |
| Sale Type | Investment |
| Cap Rate | 8.61% |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.65 AC |
| Building Size | 30,303 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1991 |
| Zoning | Commercial MF - Commercial MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
PROPERTY TAXES
| Parcel Number | M57-00310-0001 | Improvements Assessment | $399,893 CAD |
| Land Assessment | $94,531 CAD | Total Assessment | $494,424 CAD |
PROPERTY TAXES
Parcel Number
M57-00310-0001
Land Assessment
$94,531 CAD
Improvements Assessment
$399,893 CAD
Total Assessment
$494,424 CAD
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