715 Gettysburg Ave Dayton, OH 45417-1600
This exceptional investment opportunity presents two side-by-side apartment buildings located at 715 and 721 N Gettysburg Ave, Dayton, Ohio 45417, within a residential neighborhood. The property consists of 20 units spread across two three-story buildings, constructed in 1964. The buildings are zoned for multi-family use. Currently, one building is fully occupied, providing immediate cash flow, while the adjacent building is vacant but features a recently installed new roof, presenting a prime value-add opportunity for renovation and increased rental income. The asking price for this 20-unit apartment complex is $720,000, translating to $36,000 per unit. This presents a compelling investment prospect for those seeking a blend of immediate return and significant upside potential through property improvements. The property's location in Montgomery County offers convenient access to local amenities and services. This is an ideal situation for an investor looking to capitalize on a strong rental market and enhance the property's value through strategic renovations. The existing occupied building provides a stable income stream while the vacant building offers a blank canvas for value creation. This multifamily property offers a rare combination of immediate income and significant long-term growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.