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$ 430,000
Est. payment /mo
New
1608 Belvo Road #1602 Miamisburg, OH 45342
8 Beds
8 Baths
3,840 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,840 sqft
Price per Sqft $111
MLS Listing ID 936638
Bedrooms 8
Full Baths 4
Half Baths 4
Year Built 1987
Annual Tax Amount $6,924
Lot Size 0.400 Acres
Lot Dimensions 151' x 115'
Property Sub-Type 2-4 Units
Property Description
Stabilized asset with significant upside through rent increases. 8.49% Pro Forma CAP. To be sold together with adjacent identical 4-unit building at 1616 Belvo Rd. (Part of a two building investment portfolio. Each building is listed for $430k. Portfolio Sale $860k). Seller will not sell individually.
Exceptional opportunity to acquire two 4-family apartment building in one of the most sought-after rental neighborhood in Miamisburg. Each building consists of 4-spacious 2-bedroom, 1.5-bath townhome-style units, approx 1,000 SF each. Highly functional layouts feature private entrances, in-unit laundry, & two-story living with kitchen, living room, laundry & half bath on first floor, & 2 bedrooms & full bath upstairs. Plenty of updates include not limited to: Laminate flooring, concrete patios, exterior lights front and back, New ACs etc. This is a rare opportunity to acquire 8 units (2b buildings on two separate parcels), side by side, in a high-demand rental location.
Investment Highlights:
• Two 4 Unit buildings. Identical Layouts. Approx 1,000 SF per unit.
• Pro Forma CAP Rate: 8.0% at Market Rents ($1,150/month/unit)
• Current Rents Below Market | Strong Upside Potential
• On-Site Parking: Parking Lots re-paved and asphalted in 2022.
Prime Location & Strong Demand Drivers:
• High-Demand Miamisburg Location
• Proximity to Dayton Mall, Austin Landing, and I-75/I-675 Interchange
• Less than a Mile from Miamisburg High & Middle Schools
• Minutes to Dining, Retail, and Major Employment Centers
Whether you're a seasoned investor looking to expand your multifamily portfolio or seeking a stable asset with value-add potential, this property checks all the boxes. With below-market rents and immediate upside, it offers strong cash flow in a resilient and growing rental submarket.
Don't miss this rare opportunity—schedule a tour today.
Exceptional opportunity to acquire two 4-family apartment building in one of the most sought-after rental neighborhood in Miamisburg. Each building consists of 4-spacious 2-bedroom, 1.5-bath townhome-style units, approx 1,000 SF each. Highly functional layouts feature private entrances, in-unit laundry, & two-story living with kitchen, living room, laundry & half bath on first floor, & 2 bedrooms & full bath upstairs. Plenty of updates include not limited to: Laminate flooring, concrete patios, exterior lights front and back, New ACs etc. This is a rare opportunity to acquire 8 units (2b buildings on two separate parcels), side by side, in a high-demand rental location.
Investment Highlights:
• Two 4 Unit buildings. Identical Layouts. Approx 1,000 SF per unit.
• Pro Forma CAP Rate: 8.0% at Market Rents ($1,150/month/unit)
• Current Rents Below Market | Strong Upside Potential
• On-Site Parking: Parking Lots re-paved and asphalted in 2022.
Prime Location & Strong Demand Drivers:
• High-Demand Miamisburg Location
• Proximity to Dayton Mall, Austin Landing, and I-75/I-675 Interchange
• Less than a Mile from Miamisburg High & Middle Schools
• Minutes to Dining, Retail, and Major Employment Centers
Whether you're a seasoned investor looking to expand your multifamily portfolio or seeking a stable asset with value-add potential, this property checks all the boxes. With below-market rents and immediate upside, it offers strong cash flow in a resilient and growing rental submarket.
Don't miss this rare opportunity—schedule a tour today.
Location
State OH
County Montgomery
Zoning Residential
Rooms
Basement Slab
Kitchen Laminate Counters, Remodeled
Interior
Interior Features Gas Water Heater, Paddle Fans
Heating Forced Air, Natural Gas
Cooling Central
Exterior
Parking Features None
Utilities Available 220 Volt Outlet, City Water, Natural Gas
Building
Structure Type Brick
Schools
School District Miamisburg
Listed by BHHS Professional Realty