423 Briarwood Ave 10 Unit Apartment Building $831,310 CAD ($83,131 CAD/Unit) 7.96% Cap Rate Dayton, OH 45403

Exceptional opportunity to acquire a 10-unit apartment building in the heart of Dayton's thriving rental market. The property is currently approximately 50% occupied, primarily due to ownership vacating units during the replacement of the entire underground sewer system from the building to the street—a major capital improvement that has already been completed.
This property has a proven history of strong occupancy and cash flow and is positioned to return to full performance under new ownership. Many of the units have been renovated over the years, with several requiring only light cosmetic updates to bring them back online. The current pricing reflects the remaining work needed, creating an attractive value-add opportunity for investors looking to build equity and increase cash flow.
The current owners have chosen to focus their efforts on other business ventures, creating an opportunity for the next investor to capitalize on the property's strong fundamentals and upside potential.
Located in Dayton's Gem City, this asset offers investors the chance to acquire a well-established multifamily property with significant upside, major infrastructure improvements already completed, and a clear path to increased occupancy and revenue
Highlights:
10-unit apartment building
Major sewer line replacement completed from building to street
Approximately 50% occupied due to renovation and sewer work
Strong historical occupancy and income performance
Several units previously renovated
Light rehab needed in select units
Value-add opportunity with upside in rents and occupancy
Convenient Dayton location with strong rental demand
Whether you're looking to expand your portfolio or reposition an underperforming asset, 423 Briarwood offers the foundation for long-term success and strong future returns.