Fully occupied multifamily investment opportunity in excellent rental market. Twenty, 2 bedroom apartment units (~750 sqft) in two buildings situated on 1.25 acres. Tenants pay for heat and electric (separately metered). Ample parking onsite w/room for expansion. Onsite pay laundry is managed by 3rd party vendor (Jets). Storage lockers available for each unit. Located 0.5 miles from St Rt 32 and downtown Batavia making it walkable/rideable to shops/dining etc. Short drive to Eastgate shopping district (6.5 miles). Average rents are well below current market rents, coupled with quickly growing demographics and new Purina factorty makes for compelling upside. Current NOI is $120,000+. No owner financing available. 100% occupancy.
SR 32 to Riverside Dr, head south, left on Diana Ave, Right on East Charles and then right on Old Boston.
Property Type | Multi Family |
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Style | Apartment 5+ Units |
Suburb | Batavia Twp |
Zip Code | 45103 |
School District | Batavia Local SD |
MLS# | 1822853 |
Levels | 2 Story |
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Construction | Brick |
Total Acres | 1.25 |
Gas | None |
Water | Public |
Sewer | Public |
Foundation | Poured |
Occupancy | Negotiable |
Semi-Annual Taxes | $7,254.00 |
Property SqFt. | 19,260 |
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Basement | None |
Garage | None |
Cars | 40 |
Parking | Asphalt |
Windows | Vinyl, Aluminum |
Heating | Electric, Forced Air |
Cooling | Central Air |
Fireplace | None |
Appliances | All appliances included in units. |
---|---|
Other Features | Coin Laundry |
Total Units | 20 |
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Gross Income | $164,180.00 |
2 Bedroom Units | 20 |
Parking Spaces | 40 |
Heat Paid | Tenant |
Separate Gas & Electric | Yes |
Separate Furnace/AC | Yes |
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Multi Family: Apartment 5+ Units
Listing # 1822853
Fully occupied multifamily investment opportunity in excellent rental market. Twenty, 2 bedroom apartment units (~750 sqft) in two buildings situated on 1.25 acres. Tenants pay for heat and electric (separately metered). Ample parking onsite w/room for expansion. Onsite pay laundry is managed by 3rd party vendor (Jets). Storage lockers available for each unit. Located 0.5 miles from St Rt 32 and downtown Batavia making it walkable/rideable to shops/dining etc. Short drive to Eastgate shopping district (6.5 miles). Average rents are well below current market rents, coupled with quickly growing demographics and new Purina factorty makes for compelling upside. Current NOI is $120,000+. No owner financing available. 100% occupancy.
SR 32 to Riverside Dr, head south, left on Diana Ave, Right on East Charles and then right on Old Boston.
This listing courtesy of Jon A DeCurtins (513-600-7231), ERA REAL Solutions Realty, LLC (513-873-6116). All Information is believed accurate, but is NOT guaranteed.
All information is believed accurate, but NOT guaranteed.
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