Description
Marcus & Millichap is pleased to present Townhouse Court Apartments, a 20-unit apartment complex located in the Fort McKinley submarket of Dayton, OH. The community consists of twenty two-bedroom, one and a half-bathroom apartments. The asset is currently 85% occupied and has 20,000 rentable sqft. on a total of 1.29 acres. Townhouse Court Apartments offers incoming investors the opportunity to complete a renovation value add plan and capitalize on the positive characteristics of the property.
Renovation Value Add Plan – Many of Townhouse Court Apartments’ immediate competitors have renovated their two-bedroom units to push rents. This includes 905 Neal ($950) and Erica Court ($1,050). Since most units at Townhouse Court already have LVP flooring, the renovation dollars spent can go toward other desirable interior finishes such as updated bathrooms and kitchens.
Positive Property Characteristics – Townhouse Court Apartments benefits from having twenty identical two-bedroom, one and a half-bathroom units. They are townhouses with individual entrances and patios and are split levels – all very desirable to the rental pool. Additionally, each unit has a washer/dryer hookup and its own HVAC system.
Listing Details
| Price: | $Market Bid |
|---|---|
| Address: | 3515-3519 W Siebenthaler Ave |
| City: | Dayton |
| State: | Ohio |
| Zip Code: | 45406 |
| Year Built: | 1970 |