0 beds
Bathrooms
28,032 sqft
Listed By
Agency Name: Keller Williams Community Part
Agency Phone: 937-530-4904
Agent Name: Amy Hamilton
Shown By
Agent Name: Leslie Yoder
Agent Phone: (330) 418-3627
Agency Title: Cutler Real Estate
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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.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Cooling: Wall Unit
Days on Market: 5
Fireplaces: 0
Heating: Electric
Roof Type: Shingle
Stories: 3.0
Taxes: $33,056
Year Built: 1981
Feature Descriptions
Exterior: Brick
Fireplace Features: None
Foundation: Poured
Gas: None
Miscellaneous: Coin Laundry, Smoke Alarm
Parcel #: Q6542-065-000-183
Parking: Lot
Sewer: Public Sewer
Total Buildings: 2
Units: 48
Water: Public
Window Features: Slider
Local Schools
School District: Middletown
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Estimated Payment
$ 22,909.21 per month $19,060.80 Principal & Interest $2,754.67 Property Tax $1,093.75 Homeowner's InsuranceChange Payment Information
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1631 Jackson Lane | MLS# 1877557
This multi-family property located at 1631 Jackson Lane, Middletown, OH 45044 is currently listed for sale with an asking price of $3,750,000. Jackson Lane is located within the Middletown school district. Search Middletown real estate on lyoder.cutlerhomes.com today.