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Michael Johnson

mjohnson.cincy@gmail.com +1(513) 284-5001

$ 860,000

Est. payment -/mo

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1602 Belvo Rd Miamisburg, OH 45342

7,680 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Fam 2-4 units

Listing Status Active

Purchase Type For Sale

Square Footage 7,680 sqft

Price per Sqft $111

MLS Listing ID 1844765

Year Built 1987

Lot Size 0.800 Acres

Property Sub-Type Multi Fam 2-4 units

Source Cincinnati Multiple Listing Service

Property Description

8-Unit Value-Add Portfolio. Side-by-Side TWO 4-Unit Buildings. Miamisburg, OH Rare opportunity to acquire 8 units across two identical 4-unit buildings, each on a separate parcel, located side by side in a high-demand Miamisburg rental corridor. To be sold together as a portfolio$860,000 total ($430,000 per building). Seller will not sell individually. Each building features four spacious 2BR/1.5BA townhome-style units, approx. 1,000 SF each, with private entrances, in-unit laundry, and two-story layouts. Recent updates and re-paved parking (2022) add further appeal. 1602 is vacant for showings. 7 of the 8 are rented. Currently rented below market: 4 units @ $1000+1 @ $950 = 2 @$900 + 1 vacant. Investment Highlights: 8.49% Pro Forma CAP at $1,150/month market rents ($9,200/month) Below-market rents with strong upside Well-maintained asset with functional layouts On-site parking | Asphalt lots resurfaced 2022

Location

State OH

County Montgomery

Area Montgomery-E30

Zoning Residential,Multi Family

Rooms

Basement None

Interior

Heating Gas

Cooling Central Air

Fireplaces Type None

Inclusions Dishwasher, Range, Fridge

Window Features Double Hung

Exterior

Exterior Feature Patio, Wood Fence, Yard Lights

Parking Features None

View Y/N Yes

Water Access Desc Public

View City

Roof Type Shingle

Building

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Miamisburg City Sd

Others

Miscellaneous Individual Laundry

Listed by BHHS Professional Realty

Michael Johnson

Agent | License ID: 2019000769

+1(513) 284-5001

Michael Johnson

1602 Belvo Rd Miamisburg, OH 45342

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1602 Belvo Rd