4121 S Dixie Drive , Moraine, OH 45439
Moraine, OH 45439
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.
Details
| MLS# | 918922 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1935 |
| Days On Site | 10 |
| Listing Provided By | Outside The Box Real Estate | James Kinlaw |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 4,284 |
| Basement | Y |
| Acreage | 0.13 |
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Learn More About This Property
| State | OH |
|---|---|
| County | Montgomery |
| City | Moraine |
| Zip Code | 45439 |
| Area | Montgomery |
| School District | West Carrollton |
| Listing VS Median (in 45439) | |
Price: $495,000 low | high Med: $184,900 SqFt: 4,284 low | high Med: 1,404 $ / SqFt: $116 low | high Med: $132 On Site: 10 low | high Med: 26.000000 | |