2620 N Gettysburg Avenue, Dayton, OH 45406

Property Description

Explore this well-maintained 10-unit multifamily asset situated in the heart of Dayton. This 5,986-square-foot building features ten 1-bed/1-bath units and is currently 80% occupied, reflecting the area's consistent rental demand. Current base rents average approximately $615 per month. Significant capital improvements have been made, including a roof approximately 3.5 years old and an efficient boiler system designed for year-round comfort. Six of the units have been recently renovated, providing a turnkey foundation for a new owner. Strategic value-add is currently being implemented through a utility pass-through program. This pass-through is a separate, additional fee paid by tenants in addition to their base rent. While most tenants currently pay a $50/month fee for water, sewer, trash, and gas, recent renewals have successfully moved to a $120/month rate. All subsequent renewals are scheduled to align with this $120/month fee, offering a clear path for a potential increase in Net Operating Income. Positioned in an area noted for its economic anchors like Wright-Patterson Air Force Base and the logistics sector, this asset offers immediate stability. Professionally managed and located in a region with a track record of historical growth, this property is a strong candidate for investors seeking a value-add opportunity.