$2,525,000
$2,500,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
237 N 12th Street Miamisburg, OH 45342
72 Beds
36 Baths
17,937 SqFt
Key Details
Sold Price $2,525,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Square Footage 17,937 sqft
Price per Sqft $140
MLS Listing ID 858689
Sold Date 06/30/22
Bedrooms 72
Full Baths 36
Year Built 1969
Annual Tax Amount $32,662
Lot Size 1.240 Acres
Lot Dimensions 54014
Property Description
PLEASE NOTE: SELLER IS REQUESTING HIGHEST AND BEST BE SUBMITTED BY 3/25/2022. Please leave offers open for acceptance until 3/27/2022. Significant capital has been invested in these sister buildings located in Miamisburg near historic downtown, parks, golf courses, shopping, dining & entertainment venues. Occupancy at time of listing is 94%. The majority of the units have been updated. Each building is comprised of 18 garden style 2-bed, 1-bath apartments for a total of 36 units. Each apartment is ~900 sf with living room, dining room, galley style kitchen & utility room with w/d hook-ups. Carports & ample off-street parking are available for tenants' convenience. Shared courtyard separates individually parceled buildings. Price is for both properties. Square footage PCR is 17,937 sf/building for a combined square footage of 35,874. Semi-annual property taxes are for both buildings; assessments are individually listed for each building. Most units are below market rent with M2M or lease end dates in 2022 creating a value-add opportunity to quickly move rents to market levels and increase ROI.
Location
State OH
County Montgomery
Zoning Residential
Rooms
Basement Slab
Interior
Heating Natural Gas
Cooling Central
Exterior
Garage Carport
Utilities Available City Water, Natural Gas, Sanitary Sewer
Building
Structure Type Brick,Frame
Schools
School District Miamisburg
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