$840,000 Sold
1616 Belvo Road, Miamisburg, OH 45342
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
Miamisburg, OH 45342
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