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$840,000 Sold

1616 Belvo Road, Miamisburg, OH 45342

8 beds
7,680 sqft
Residential Income
Built in 1987
0.8 acres
6 days on market
MLS# 1844765
$109/sqft

About this home

8-Unit Value-Add Portfolio. Side-by-Side TWO 4-Unit Buildings. Miamisburg, OH Rare opportunity to acquire 8 units across two identical 4-unit buildings, each on a separate parcel, located side by side in a high-demand Miamisburg rental corridor. To be sold together as a portfolio$860,000 total ($430,000 per building). Seller will not sell individually. Each building features four spacious 2BR/1.5BA townhome-style units, approx. 1,000 SF each, with private entrances, in-unit laundry, and two-story layouts. Recent updates and re-paved parking (2022) add further appeal. 1602 is vacant for showings. 7 of the 8 are rented. Currently rented below market: 4 units @ $1000+1 @ $950 = 2 @$900 + 1 vacant. Investment Highlights: 8.49% Pro Forma CAP at $1,150/month market rents ($9,200/month) Below-market rents with strong upside Well-maintained asset with functional layouts On-site parking | Asphalt lots resurfaced 2022

Facts & features

Interior

Bedrooms
8
Square Feet
7,680

Property

Property Type
Residential Income
Year Built
1987
Lot Size
0.8 acres

Listing details

Price
$840,000
Status
Sold
Days on Market
6
MLS Number
1844765
Listing Agent
Tushar Mehta
Brokerage
BHHS Professional Realty

Features

Style
Multi Family
Heating
Natural Gas
Cooling
Central Air
Roof
Shingle
Sewer
Public Sewer
Water
Public
Patio
Patio

Location

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