Description
Central Superior Investment Highlights:
Marcus & Millichap is pleased to present Central Superior, a 42-unit apartment complex located in the Grafton Hill submarket in Dayton, OH. The community consists of thirty-one studios and eleven one-bedroom, one-bathroom apartment units. The asset is currently 79% occupied and has 17,477 rentable sqft. on a total of 0.46 acres. Central Superior offers incoming investors the opportunity to benefit from the recent capital expenditures and increase NOI through additional sources of income and by decreasing economic vacancy.
Recent Capital Improvements
Central Superior has had over $250,000 in capital improvements made over the past three years. These include renovating over twenty units, new windows, replacing both roofs, updated electrical panels and plumbing stacks.
Additional Sources of Income
Central Superior has a garage in the 200 Central building that is not currently in use but can provide a future revenue stream by renting out the spots to tenants. Additionally, less than 20% of the tenants have a utility RUB in place.
Listing Details
| Price: | $Market Bid |
|---|---|
| Address: | 200 Central Ave / 333 Superior Ave |
| City: | Dayton |
| State: | Ohio |
| Zip Code: | 45406 |
| Year Built: | 1963 |