4644 Burkhardt Ave, Unit 4664 Dayton, OH 45431-1875
- Garden apartment buildings
- 29,097 SF
- 0.22 lot acres
May 11, 2020
Current Use by Public Records
- Garden apartment buildings
Property Details for 4644 Burkhardt Ave
- Year built
- 1969
- Construction
- WOOD
- Lot size
- 0.22 lot acres
- Property size
- 29,097 SF
- Property type
- Garden apartment buildings
- APN
- R72 15410 0108
- APU
- R72154100108
Description
This exceptional 35-unit apartment complex, located at 4644 Burkhardt Ave, Dayton, OH 45431, presents a compelling investment opportunity. The property, a Class B building constructed in 1969 and extensively renovated in 2023, boasts 29,097 square feet and offers a mix of 23 one-bedroom/one-bathroom and 12 two-bedroom/one-bathroom units. Thirty-one units have undergone recent renovations, including new insulated vinyl windows, paint, appliances, and updated flooring in living areas and kitchens. The roof was replaced within the last four years. Each unit features separate utilities, with tenants responsible for electric heat (baseboard) and electricity, and the landlord responsible for water. The property includes ample off-street parking in a private lot and on-site coin laundry facilities. A management office and substantial storage space are located in the main building. The asking price is $1,895,000, representing $65.13 per square foot and $54,143 per unit. The property currently generates a Net Operating Income (NOI) of $139,819, yielding a 7.38% cap rate. The property's location in Dayton's desirable Eastern Hills neighborhood, combined with the recent renovations and potential for rent increases, makes this a highly attractive investment prospect with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dayton
- County
- Montgomery
- State
- Ohio
- Longitude
- -84.1325
- Latitude
- 39.7597
- CBSA code
- 19430
- CBSA name
- DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA
