715 Gettysburg Ave Dayton, OH 45417-1600
- Garden apartment buildings
- 7,176 SF
- 0.28 lot acres
Current Use by Public Records
- Garden apartment buildings
Property Details for 715 Gettysburg Ave
- Year built
- 1964
- Construction
- WOOD
- Lot size
- 0.28 lot acres
- Property size
- 7,176 SF
- Property type
- Garden apartment buildings
- APN
- R72 12609 0062
- APU
- R72126090062
Description
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.
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
- -84.2537
- Latitude
- 39.7567
- CBSA code
- 19430
- CBSA name
- DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA
