Description
Marcus & Millichap is pleased to present Broadway Ave Apartments, a 16-unit apartment complex located in Trotwood, OH, on the northwest side of Dayton. The community consists of sixteen two-bedroom, two-bathroom apartments. The asset is currently 100% occupied and has 15,200 rentable sqft. on a total of 0.74 acres. Broadway Ave Apartments offers incoming investors a completely renovated asset with all deferred maintenance items addressed, ideal utility set up, and market leading finishes and unit features.
Completely Renovated Asset – Broadway Ave Apartments has been completely renovated with new plumbing, electric, windows, roofs and finishes. This includes LVP floors, stainless steel appliances, and granite countertops. This provides an incoming investor with the ability to keep costs lower as all deferred maintenance items have been addressed.
Utilities Setup – Broadway Ave Apartments has PTAC systems to heat and cool each unit. These run off electricity that the tenants cover. Additionally, they have submetered for water, so the tenants cover all water/sewer usage. This helps to lower fixed costs and increase NOI for the property.
Market Leading Finishes and Unit Features – Broadway Ave Apartments has market finishes in each unit including LVP floors, stainless steel appliances, granite countertops and tile bathrooms. Each unit is 950 sqft, is two-bedroom, and has washer/dryer hookups. These features are highly desirable in the submarket, which will help to keep occupancy high and could help push rents to the top of the market – closer to $1,100/month.
Listing Details
| Price: | $Market Bid |
|---|---|
| Address: | 305-315 Broadway Ave |
| City: | Trotwood |
| State: | Ohio |
| Year Built: | 1970 |