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The Flats at Sycamore Trails 237-311 N 12th St 36 Unit Apartment Building For Sale Miamisburg, OH 45342
Executive Summary
The Flats at Sycamore Creek presents investors with strong in-place cash flow and a clear path to increased income with a fully renovated and deferred maintenance addressed building in Miamisburg; a top-5 Dayton submarket for rent that has delivered zero new supply in five years, with nothing under construction. The 36-unit, all two-bedroom garden community is 97.2% occupied, with in-place rents of $962 supporting a clear mark-to-market path to $1,175 through natural turnover and local management, a 22% rental increase that keeps the asset comfortably below prevailing submarket rents. Demand is anchored by the Austin Landing employment hub roughly two miles away (Teradata, PNC, LexisNexis, Kettering Health), with Yaskawa and GE Aerospace expanding along the I-75 corridor. Even at the pro forma rent, units remain deeply affordable at only 19% of the area's $70–75K median income and $550–700 per month cheaper than owning in the submarket. The result is a low-risk yielding investment with significant, market-validated rent upside in a supply-protected corridor.
Property Facts
| Sale Type | Investment | Lot Size | 1.24 AC |
| No. Units | 36 | Building Size | 25,230 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1969 |
| Apartment Style | Low-Rise | Parking Ratio | 1.39/1,000 SF |
| Building Class | C | ||
| Zoning | C - Designed to manage how land is used for business purposes, ensuring that commercial activities are appropriately situated within a community. | ||
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.24 AC |
| Building Size | 25,230 SF |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | C - Designed to manage how land is used for business purposes, ensuring that commercial activities are appropriately situated within a community. |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Oven
Site Amenities
- 24 Hour Access
- Picnic Area
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 36 | - | 900 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | K46-00407-0023 | Improvements Assessment | $301,113 CAD |
| Land Assessment | $114,232 CAD | Total Assessment | $415,345 CAD |
Property Taxes
Parcel Number
K46-00407-0023
Land Assessment
$114,232 CAD
Improvements Assessment
$301,113 CAD
Total Assessment
$415,345 CAD
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The Flats at Sycamore Trails | 237-311 N 12th St
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