4534 Bonita Dr
Middletown, OH 45044
Suburb: Middletown - South
$1,100,000
12,792sqft
Under Contract - May accept backup offers

Saved

Beautiful, income producing 20-unit apartment complex on a quiet, residential street with an ideal location close to I75 between Cincinnati and Dayton. Property is cash flowing with all units occupied, except one left vacant for showings. Owner and property manager have spent the past year carefully screening and selecting tenants, replacing any problem tenants for the next owner. Due to the high-demand location, there is never a problem filling vacancies. There is still plenty of room to raise rents to market rent. Tenants pay their own electric and owner is reimbursed for water. Property is professionally managed by Northpoint Asset Management, who are open to staying on as the property manager for the next owner.

Directions

West on 122. South on Marshall. West on Bonita.

Property Details

General Information

Property Type Multi Family
Style Apartment 5+ Units
Suburb Middletown - South
Zip Code 45044
School District Middletown City SD-B
MLS# 1800802

Additional Information

Levels2 Story
ConstructionBrick, Wood
Total Acres1.402
GasNone
WaterPublic
SewerPublic
FoundationSlab
OccupancyTenant Right
Semi-Annual Taxes$8,730.82

Property Features

Property SqFt.12,792
BasementNone
GarageNone
Cars20
ParkingLot, Off Street
WindowsDouble Hung
HeatingElectric
CoolingCentral Air, Window Unit
FireplaceNone

Additional Features


Multi-Family Information

Total Units20
Gross Income$148,260.00
1 Bedroom Units16
2 Bedroom Units4
Parking Spaces20

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4534 Bonita Dr

Middletown, OH 45044

Photo of 4534 Bonita Dr, Middletown, OH 45044

Multi Family: Apartment 5+ Units

Listing # 1800802

Agent Remarks:

Beautiful, income producing 20-unit apartment complex on a quiet, residential street with an ideal location close to I75 between Cincinnati and Dayton. Property is cash flowing with all units occupied, except one left vacant for showings. Owner and property manager have spent the past year carefully screening and selecting tenants, replacing any problem tenants for the next owner. Due to the high-demand location, there is never a problem filling vacancies. There is still plenty of room to raise rents to market rent. Tenants pay their own electric and owner is reimbursed for water. Property is professionally managed by Northpoint Asset Management, who are open to staying on as the property manager for the next owner.

Driving Directions:

West on 122. South on Marshall. West on Bonita.

This listing courtesy of Maxwell Wechter (513-549-7890), Outside The Box Real Estate (937-202-9001). All Information is believed accurate, but is NOT guaranteed.

Broker Reciporcity logo
The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the MLS of Greater Cincinnati, Inc. Real estate listings held by brokerage firms other than Comey & Shepherd Realtors are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not be all the properties available through Broker Reciprocity.

All information is believed accurate, but NOT guaranteed.
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