4121 S Dixie Drive Active Save Request In-Person Tour Request Virtual Tour
Moraine,OH 45439
Key Details
Property Type Multi-Family, Commercial
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,284 sqft
Price per Sqft $110
MLS Listing ID 918922
Bedrooms 6
Full Baths 5
Year Built 1935
Annual Tax Amount $2,762
Lot Size 5,662 Sqft
Property Description
Extensively renovated 5-unit apartment building (four 1-BRs and one 2-BR) with no deferred maintenance. Unique commercially zoned property has stately appeal with a common, raised front porch that overlooks the brand new West Carrollton Intermediate School--directly across the street. Location is outstanding- only one block from Stroop and Kettering amenities. Four of 5 apartments are completely remodeled, with the one remaining in excellent condition. New roof, mostly new windows, new HVACs, new on-demand gas hot water, mostly new flooring, mostly new appliances, cabinets and countertops throughout; new paint. Modern styling and quickly rentable. 2-BR has private laundry room and Common coin laundry and tenant storage area for other units; newly paved/ repaved and lined designated space parking lot. Electronic main door entries and 4-camera exterior security. New exterior aluminum trim, siding and paint. Nicely landscaped and attractive setting. Commercial appraisal conducted in May 2023: valued at $465K for bank loan (can be provided upon serious offer request). First year of full operations achieved NOI exceeding $44K/year (see summary statement in attached documents). Rents range from $775 for non-renovated 1-BR unit to $1145 for the 2-BR. Rent roll available for serious inquiry. Perfect turnkey apartment building/ operation.
Location
State OH
County Montgomery
Zoning Commercial,Multiple
Rooms
Kitchen Island,Laminate Counters,Pantry,Remodeled
Interior
Heating Forced Air,Natural Gas
Cooling Other
Exterior
Exterior Feature Covered Patio,Fence,Partial Fence,Porch,Wood Fence
Parking Features Storage
Utilities Available City Water,Natural Gas
Building
Structure Type Aluminum,Asphalt,Cement / Fiber Board,Frame,Shingle,Stucco,Vinyl,Wood
Schools
School District West Carrollton