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
Directions
From Maue (Lyons Road), left on S. Gebhart Church Road, Right on Belvo Road.
Property Details
General Information
| Property Type | Multi Family |
|---|---|
| Style | Multi Fam 2-4 units |
| Suburb | Montgomery County |
| Zip Code | 45342 |
| School District | Miamisburg City SD |
| MLS# | 1844765 |
Additional Information
| Levels | 2 Story |
|---|---|
| Construction | Vinyl |
| Total Acres | 0.8 |
| Gas | Natural |
| Water | Public |
| Sewer | Public |
| Foundation | Slab |
| Occupancy | Tenant Right |
| Semi-Annual Taxes | $6,923.00 |
Property Features
| Property SqFt. | 7,680 |
|---|---|
| Basement | None |
| Garage | None |
| Cars | 0 |
| Parking | Lot, Lights, Onstreet, Off Street, Asphalt |
| Windows | Double Hung |
| Heating | Gas |
| Cooling | Central Air |
| Fireplace | None |
Additional Features
| Appliances | Dishwasher, Range, Fridge |
|---|---|
| Other Features | Individual Laundry |
Multi-Family Information
| Total Units | 8 |
|---|---|
| Gross Income | $120,103.00 |
| 2 Bedroom Units | 8 |
| Parking Spaces | 20 |
| Heat Paid | Tenant |
| Separate Gas & Electric | Yes |
| Separate Furnace/AC | Yes |
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1602 1616 Belvo Rd
Miamisburg, OH 45342
Multi Family: Multi Fam 2-4 units
Listing # 1844765
Agent Remarks:
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
Driving Directions:
From Maue (Lyons Road), left on S. Gebhart Church Road, Right on Belvo Road.
This listing courtesy of BHHS Professional Realty (937-436-9494). All Information is believed accurate, but is NOT guaranteed.
All information is believed accurate, but NOT guaranteed.
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