1602 1616 Belvo Rd Miamisburg Montgomery County OH 45342 (MLS# 1844765)

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1602 1616 Belvo Rd Miamisburg OH 45342

Listing Information
Price	$860,000
Listing Number	1844765

Driving Directions
From Maue (Lyons Road), left on S. Gebhart Church Road, Right on Belvo Road.

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Agent Remarks
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

Agent Remarks

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

Property Information

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General Information
Property Type	Multi Family
Style	Multi Fam 2-4 units
County	Montgomery
Subdivision	Montgomery County
Zip Code	45342
School District	Miamisburg City SD
Listing Number	1844765

Property Features
Basement	None
Garage	None
Parking	Lot, Lights, Onstreet, Off Street, Asphalt
Windows	Double Hung
Heating	Gas
Cooling	Central Air
Fireplace	None

Multi-Family Information
Total Units	8
2 Bedroom Units	8
Parking Spaces	20
Heat Paid	Tenant
Separate Gas & Elec	Yes
Separate Furnace/AC	Yes/Yes
Gross Income	$120,103.00
Net Operating Income	$72,980.00

Additional Information
Levels	2 Story
Construction	Vinyl
Gas	Natural
Water	Public
Sewer	Public
Foundation	Slab
Occupancy	Tenant Right
Semi-Annual Taxes	$6,923.00

Additional Features
Appliances	Dishwasher, Range, Fridge
Other Features	Individual Laundry

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This listing courtesy of (), BHHS Professional Realty (937-436-9494). All Information is believed accurate, but is NOT guaranteed.

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