1631 Jackson Lane, Middletown, OH 45044
- $3,750,000
- 28,032
- SqFt
- List Price
- $3,750,000
- Status
- PENDING
- MLS#
- 1877557
- Levels
- Three
- Region
- Butler-W19
Property Description
Well-maintained 48-unit multifamily community in Middletown, Ohio, featuring 48 spacious one-bedroom, one-bath apartments, each with a living room, dining area, and kitchen. This income-producing asset offers desirable tenant amenities, including an on-site leasing office, laundry facility, and dog park. Recent capital improvements include a new roof installed in 2022 and all new electrical service completed in 2023. Select units have also been updated with new hot water heaters, flooring, countertops, and other interior finishes. Rents continue to trend upward as units turn over, providing a clear path for continued revenue growth. The property also benefits from an on-site maintenance employee, with those expenses already incorporated into the current NOI. Located between Dayton and Cincinnati, this property presents an excellent investment opportunity with stable cash flow and additional upside potential through continued unit upgrades and operational efficiencies.
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Additional Information
- Construction
- Brick
- Roof
- Shingle
- Basement Desc
- None
- Garage Desc
- None
- Cooling
- Wall Unit
- Heating
- Electric
- Sewer
- Public Sewer
- Water
- Public
- School District
- Middletown City SD
Mortgage Calculator
Courtesy of Amy Hamilton with Keller Williams Community Part
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