Hillside Village

Description

Marcus and Millichap is pleased to present Hillside Village, 20 units of apartment living in one of the most sought-after submarkets in the Dayton area, Kettering. There is a favorable unit mix with eighteen 2-beds, and 1-bath units (750 SF) and two (1000 SF) 2 beds 1 bath townhomes. This provides an incoming investor a unique investment just minutes from Downtown.

LEADING SUBMARKET FUNDAMENTALS
Kettering boasts an average HHI of $83,949 in 2022 with the median HHI at $65,054. The median sale price of homes in Kettering is $260,00 as of February 2023, and the Kettering Fairmont High School is ranked in the top 20 percentile of the Dayton Metro Public Schools. These strong market fundamentals are reflected in rental growth and occupancy. The average rent in Kettering has increased 10.2% over the last year and 4% over the 5-year average while maintaining an average occupancy of 96.6%.

LOCATED MINUTES FROM DAYTON’S PREMIER RETAIL
Within 15 minutes (6 miles) of The Greene in Beavercreek, a mixed-use asset featuring offices, apartments, and high end retail including Apple, Forever 21, Lululemon and Nordstrom Rack. Within 17 minutes (7 miles) to The Dayton Mall with retailers including Macy’s, Dick’s Sporting Goods, H&M, and JC Penney. Within 20 minutes (13.3 miles) of The Mall at Fairfield Commons.

DAYTON’S BOOMING DOWNTOWN NEIGHBORHOOD AND THRIVING HEALTHCARE SECTOR
Downtown Dayton, the region’s entertainment hub, is located within 5 minutes of the asset and offers professional sports, farmers markets, museums, nightlife, and concert venues. Dayton’s four largest medical employers, Premier Health Partners, Kettering Health Network, Children’s Hospital and CareSource are all within 15 minutes of the property and a total of 25,085 employees.

Listing Details