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Rice Terrace 2525 Lakeview Ave 9 Unit Apartment Building $729,079 CAD ($81,009 CAD/Unit) 9.86% Cap Rate Dayton, OH 45417
INVESTMENT HIGHLIGHTS
- Six of the units have been beautifully renovated
- Two 2-bedroom, 1 bath apartments
- Seven 1-bedroom, 1 bath apartments
- Tenants pay for heat and electricity
EXECUTIVE SUMMARY
Introducing an exceptional investment opportunity in Dayton, Ohio! This 8,288 SF multifamily property, nestled on
Lakeview Ave, features a meticulously maintained 9-unit building erected in 1959. With a high occupancy rate, this
property offers seven 1-bedroom, 1 bath apartments and two 2-bedroom, 1 bath apartments, with six of those units
beautifully renovated. Tenants will appreciate the convenience of washer & dryer hookups and off-street parking.
Tenants are responsible for heat and electricity. There are 65% new furnaces/water heaters Don’t miss out on this
turnkey, income-generating asset! Also, there is pre-arranged bank financing from Richwood Bank that may be
available to you. Please call me for details.
Follow the link below for a video of Lakeview #6:
https://drive.google.com/file/d/1Ib8-tRw5qdQNfJQ-AtBd6PMLD0nCK-T-/view?usp=drivesdk
Lakeview Ave, features a meticulously maintained 9-unit building erected in 1959. With a high occupancy rate, this
property offers seven 1-bedroom, 1 bath apartments and two 2-bedroom, 1 bath apartments, with six of those units
beautifully renovated. Tenants will appreciate the convenience of washer & dryer hookups and off-street parking.
Tenants are responsible for heat and electricity. There are 65% new furnaces/water heaters Don’t miss out on this
turnkey, income-generating asset! Also, there is pre-arranged bank financing from Richwood Bank that may be
available to you. Please call me for details.
Follow the link below for a video of Lakeview #6:
https://drive.google.com/file/d/1Ib8-tRw5qdQNfJQ-AtBd6PMLD0nCK-T-/view?usp=drivesdk
PROPERTY FACTS Under Contract
| Price | $729,079 CAD | Building Class | C |
| Price Per Unit | $81,009 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 8,226 SF |
| Cap Rate | 9.86% | Average Occupancy | 89% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $729,079 CAD |
| Price Per Unit | $81,009 CAD |
| Sale Type | Investment |
| Cap Rate | 9.86% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 8,226 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1959 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $882.46 CAD | 725 |
| 2+1 | 2 | $1,275 CAD | 850 |
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PROPERTY TAXES
| Parcel Number | R72-09608-0009 | Improvements Assessment | $33,276 CAD |
| Land Assessment | $1,389 CAD | Total Assessment | $34,666 CAD |
PROPERTY TAXES
Parcel Number
R72-09608-0009
Land Assessment
$1,389 CAD
Improvements Assessment
$33,276 CAD
Total Assessment
$34,666 CAD
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Rice Terrace | 2525 Lakeview Ave
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