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200 Central Ave
Dayton, OH 45406
Central Superior · Multifamily Property For Sale
·
42 Units
Investment Highlights
- Recent capex since 2021 including roofs, windows, electrical, and interior upgrades reduces near-term capital needs and improves long-term durability.
- Located near downtown Dayton and major employers including Kettering Health and the University of Dayton, supporting consistent renter demand.
- Value-add potential through lease-up to market occupancy, rent growth on renovated units, and monetizing underutilized garage parking.
Executive Summary
Marcus & Millichap is pleased to present Central Superior, a 42-unit multifamily investment opportunity located at 200 Central Avenue and 333 Superior Avenue in Dayton, Ohio. The property consists of two adjacent brick apartment buildings totaling approximately 17,472 rentable square feet and situated on a 0.46-acre site in the Grafton Hill submarket. With extensive recent capex, in-place income, and value-add opportunities through vacancy reduction, garage income, and implementation of bulk internet programs, Central Superior offers investors a performing asset with meaningful upside in a growing Dayton submarket.
Link to deal vault with OM, financials and RR: https://www.marcusmillichap.com/properties/200059/central-superior
Link to deal vault with OM, financials and RR: https://www.marcusmillichap.com/properties/200059/central-superior
Property Facts
| Price Per Unit | $61,577 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 6.40% | Building Size | 24,102 SF |
| No. Units | 42 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1967/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.5/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | MR-5 - Mature Residential | ||
| Price Per Unit | $61,577 CAD |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 24,102 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1967/2022 |
| Parking Ratio | 0.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MR-5 - Mature Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 31 | $884.76 CAD | 386 |
| 1+1 | 11 | $1,021 CAD | 501 |
Property Taxes
| Parcel Number | R72-06501-0034 | Improvements Assessment | $137,516 CAD |
| Land Assessment | $34,231 CAD | Total Assessment | $171,747 CAD |
Property Taxes
Parcel Number
R72-06501-0034
Land Assessment
$34,231 CAD
Improvements Assessment
$137,516 CAD
Total Assessment
$171,747 CAD
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