Address: 4530-4536 BUFORT BLVD, 4500-4716 WAYNEDALE CIR, 5717-5763 FISHER DR DAYTON OHIO
UNITS: 96 | YEAR BUILT: 1980 | SQFT: 83,262
Marcus & Millichap is pleased to present Waynedale Circle, a 24-building, 97-unit apartment community located 10 minutes north of downtown Dayton in the submarket of Huber Heights. The community has three different floor plans, all of which are two-bedroom one-bath layout. One unit was split in two, offering an onsite leasing office and a for rent studio apartment. All of the utilities are separately metered, no gas on site, and residents are responsible for all utilities aside from trash.
Multiple Huber Heights apartment buildings have under gone interior and community renovations in the last three years resulting in roughly a 30% ROI. These communities have proven that renters in Huber Heights seek a more modern interior finish and are willing to pay a premium for such upgrades. Below are three aspects of Waynedale Circle that should be addressed in order to realize the greatest ROI for the asset. Ranging from interior upgrades to community branding, the renovations are estimated to cost roughly $8,000/unit and would enable the market rent be $805. The $165 rental increase from the average effect rent of $640 to $805 results in a 25% ROI.
|Address:||4500-4716 Waynedale Circle|