4644 Burkhardt Ave Dayton, OH 45431

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.