4121 S Dixie Drive Active Save Request In-Person Tour Request Virtual Tour
Moraine,OH 45439
Key Details
Property Type Multi-Family, Commercial
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,284 sqft
Price per Sqft $110
MLS Listing ID 918922
Bedrooms 6
Full Baths 5
Year Built 1935
Annual Tax Amount $2,762
Lot Size 5,662 Sqft
Lot Dimensions 50 x 111
Property Description
Extensively renovated 5-unit apartment building (four 1-BRs and one 2-BR) with no deferred maintenance. Unique commercially zoned property has stately appeal with a common, raised front porch that overlooks the brand new West Carrollton Intermediate School--directly across the street. Location is outstanding- only one block from Stroop and Kettering amenities. Four of 5 apartments are completely remodeled, with the one remaining in excellent condition. New roof, mostly new windows, new HVACs, new on-demand gas hot water, mostly new flooring, mostly new appliances, cabinets and countertops throughout; new paint. Modern styling and quickly rentable. 2-BR has private laundry room and Common coin laundry and tenant storage area for other units; newly paved/ repaved and lined designated space parking lot. Electronic main door entries and 4-camera exterior security. New exterior aluminum trim, siding and paint. Nicely landscaped and attractive setting. Commercial appraisal conducted in May 2023: valued at $465K for bank loan (can be provided upon serious offer request). First year of full operations achieved NOI exceeding $44K/year (see summary statement in attached documents). Rents range from $775 for non-renovated 1-BR unit to $1145 for the 2-BR. Rent roll available for serious inquiry. Perfect turnkey apartment building/ operation.
Location
State OH
County Montgomery
Zoning Commercial,Multiple
Rooms
Basement Full,Semi-Finished,Walkout
Kitchen Island,Laminate Counters,Pantry,Remodeled
Interior
Interior Features 6 Panel Door,Attic,Gas Water Heater,Security / Surveillance,Storage Lock
Heating Forced Air,Natural Gas
Cooling Other
Exterior
Exterior Feature Covered Patio,Fence,Partial Fence,Porch,Wood Fence
Parking Features Storage
Utilities Available City Water,Natural Gas
Building
Structure Type Aluminum,Asphalt,Cement / Fiber Board,Frame,Shingle,Stucco,Vinyl,Wood
Schools
School District West Carrollton
Others
Ownership Agent Owned