For Sale
$720,000

715 Gettysburg AveDayton, OH 45417

20-Unit Apartment Complex, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • Exceptional value-add opportunity: Two adjacent apartment buildings in a residential neighborhood.
  • One building is 100% occupied, generating immediate cash flow.
  • The second building is vacant but features a new roof, ready for renovation.
  • Ideal investment for hands-on rehab and rental income growth.

Property Details for 715 Gettysburg Ave

Property type
Apartment buildings
Class
C
Year Built
1964
Buildings
2
Stories
3
Units
20

Location Insight

City
Dayton
County
Montgomery
State
Ohio
Latitude
39.7568727
Longitude
-84.2536846
715 Gettysburg Ave, Dayton, Ohio

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715 Gettysburg Ave
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