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$3,750,000
1877557 MLS
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.

1631 Jackson Lane, Middletown

$1,076,000
1800802 MLS
Beautiful, income producing 20-unit apartment complex on a quiet, residential street with an ideal location close to I75 between Cincinnati and Dayton. Property is cash flowing with all units occupied, except one left vacant for showings. Owner and property manager have spent the past year carefully screening and selecting tenants, replacing any problem tenants for the next owner. Due to the high-demand location, there is never a problem filling vacancies. There is still plenty of room to raise rents to market rent. Tenants pay their own electric and owner is reimbursed for water. Property is professionally managed by Northpoint Asset Management, who are open to staying on as the property manager for the next owner.

4534 Bonita Drive, Middletown

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