Multifamily Housing
1430 North James H McGee Boulevard Dayton, OH 45402
Details & Description
Price: $599,900
    Jennifer M. Donathan of KW Commercial is pleased to present for sale an excellent value add opportunity. The offering consists of 2 brick contiguous buildings with a total of 16 units located at 1430-1434 James H. McGee Boulevard in Dayton Ohio.The property consists of two 8 unit brick buildings with pitched roofs. The buildings are 2 stories with all one bed / one bath units. Each unit features separate gas furnace and hot water tank. Tenants pay heat, electric and gas to heat water. Owner pays water, sewer, and trash. Owner provides wall a/c units. The property provides 16 parking spaces located in front and rear of building.Value Add Opportunity –The current owner recently rehabbed 6 of the 16 units with new kitchens, baths, hot water tanks, windows, electrical panels, flooring and appliances. The newly rehabbed units are leasing for $500/month plus tenant paid heat and electric. which is is still below market. The opportunity is in raising all rents to market ($550 - $600) and rehabbing the rest of the units as they become vacant and raising rents to market.
    Property Highlights
    Listing Agents
    Jennifer Donathan

    O: 513-520-3540
    jennifer.donathan@kwcommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1430 North James H McGee Boulevard

    Dayton, OH 45402

    Listing ID: 267371
    • 1430 North James H McGee Boulevard Dayton, OH 45402 | for Sale | Photo 1
    • 1430 North James H McGee Boulevard Dayton, OH 45402 | for Sale | Photo 2
    1430 North James H McGee Boulevard | for Sale | Thumbnail 1
    1430 North James H McGee Boulevard | for Sale | Thumbnail 2
    Building Size: 9,588 SF
    Lot Size: 0.550 AC
    Land Size: 23,958 SF
    Building $/SF: $62.57
    Land $/SF: $25.04
    Price
    $599,900
    Property Highlights
    100 Leased
    Tenants Pay Heat, Electric - Individual Gas Furnaces
    $37,500 Unit
    Capital Improvements In 2020-2021 Exceeding $55,000
    6 Units Have Been Completely Rehabbed
    All Brick Construction Pitched Roofs
    Below Market Rents
    Description

    Jennifer M. Donathan of KW Commercial is pleased to present for sale an excellent value add opportunity. The offering consists of 2 brick contiguous buildings with a total of 16 units located at 1430-1434 James H. McGee Boulevard in Dayton Ohio.

    The property consists of two 8 unit brick buildings with pitched roofs. The buildings are 2 stories with all one bed / one bath units. Each unit features separate gas furnace and hot water tank. Tenants pay heat, electric and gas to heat water. Owner pays water, sewer, and trash. Owner provides wall a/c units. The property provides 16 parking spaces located in front and rear of building.

    Value Add Opportunity –

    The current owner recently rehabbed 6 of the 16 units with new kitchens, baths, hot water tanks, windows, electrical panels, flooring and appliances. The newly rehabbed units are leasing for $500/month plus tenant paid heat and electric. which is is still below market. The opportunity is in raising all rents to market ($550 - $600) and rehabbing the rest of the units as they become vacant and raising rents to market.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Dayton History of Multifamily Housing for Sale

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    Dayton Area Market Trends

    Listing Demographics for 1430 North James H McGee Boulevard Dayton, OH 45402

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population9,96070,089158,907
    Population Median Age403938
    Population by Age0-9 Yrs1208 (12%)8813 (12%)19628 (12%)
    10-19 Yrs1252 (12%)8905 (12%)22824 (14%)
    20-29 Yrs1427 (14%)9660 (13%)26624 (16%)
    30-39 Yrs1107 (11%)9065 (12%)18772 (11%)
    40-49 Yrs1132 (11%)7859 (11%)17160 (10%)
    50-59 Yrs1422 (14%)9619 (13%)20609 (12%)
    60-69 Yrs1150 (11%)8588 (12%)16976 (10%)
    70+ Yrs1261 (12%)7578 (10%)16314 (10%)
    Median HH Income$27,561$28,286$32,424
    Total Household Income< 24K2087 (45%)14367 (44%)25980 (39%)
    25-49K1408 (30%)8963 (28%)18218 (27%)
    50-74K660 (14%)4252 (13%)9351 (14%)
    75-99K278 (6%)2221 (6%)4909 (7%)
    100-199K153 (3%)1909 (5%)5544 (8%)
    200K+43 (0%)222 (0%)1066 (1%)
    Highest Education LevelNo Diploma1161785216795
    Diploma or GED22091469131134
    Some College20071335726379
    Assoc. Degree45940318337
    Bachelors Degree614463511135
    Higher Degree29930127514
    Total Housing Units6,79343,57982,950
    --Owner-Occupied2,45113,80830,558
    --Renter-Occupied2,17818,12734,510
    Owner-Occupied Values< 100K23391172622364
    100-199K8415505442
    200-299K03251441
    300-399K043584
    400-499K1250253
    500K+16114476
    Total Working Age Population8,06655,955127,918
    In Work Force4,27231,41872,005
    Not In Work Force3,79424,53755,913
    Workforce Employed3,64327,02563,429
    Workforce Unemployed6294,3508,399
    Civlian Workforce4,27231,37471,829
    Military Workforce044176
    Total Households4,62931,93465,068
    Family Households2,56616,03334,822
    Non-Family Households2,06315,90230,246
    Married Couple6665,92616,011
    Other Family1,90010,10618,812
    Married w/Child1351,6445,292
    Single Male w/Child1121,0751,983
    Single Female w/Child7124,6238,622

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Ohio11,353,140+211,536,504011,574,870011,615,100
    Montgomery County559,062-4535,153-4513,830-3496,650

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1430 North James H McGee Boulevard in Dayton?
    The asking price for 1430 North James H McGee Boulevard is $599,900
    What is the building size of this Multifamily property in Dayton, OH?
    The size of the building/unit at 1430 North James H McGee Boulevard in Dayton is 9,588 square feet
    How much land does the Dayton, OH property at 1430 North James H McGee Boulevard include?
    1430 North James H McGee Boulevard in Dayton includes 0.550 acres of land
    What is the population within 1 mile of 1430 North James H McGee Boulevard in Dayton?
    The population within 1 mile of 1430 North James H McGee Boulevard Dayton, OH 45402 is 9,960 people.
    Who do I contact for questions about 1430 North James H McGee Boulevard?
    You should contact the listing agent, Jennifer Donathan, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    James M Cox Dayton International Airport (DAY) 9
    Cincinnati Northern Kentucky International Airport (CVG) 55
    Rickenbacker International Airport (LCK) 70