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Chamberlain Apartments I & II for Sale
39 Central Avenue
Dayton, OH 45406
County: Montgomery
148 Units
101,439 sq ft
1.34 Acres
Occupancy: 93%
Price: $4,315,000
Price Per Unit: $29,155
Cap Rate: 7.87%
Year Built: 1965
The
Chamberlain Apartments offer its residents the
luxury of recently renovated units and a close
location to schools, retail, jobs and the
interstate. Recent renovations include new windows,
awnings, exterior painting, landscaping, and
extensive renovations to all of the unit interiors.
The
Chamberlain Apartments are located in the historic
Grafton Hill area. The property is located one block
from the Dayton Art Institute and the Masonic
Temple.
• Renovated Top To
Bottom
• High Occupancy
• Cash Flow Opportunity
• Current NOI
$405,864
• New Financing Opportunity
Financial Summary Proforma
Effective Gross Income: $775,093
Operating Expenses: $435,338
Net Operating Income: $339,755
Unit Mix Information
Studio
37 Units
380 sq ft
Avg. Mo. Rent: $409
One Bedroom/One Bath
111 Units
550 sq ft
Avg. Mo. Rent: $459
Debt & Equity Information
Debt Type: Proposed
Loan Amount: $3,452,000
Interest Rate: 6.00%
Amortized Over: 30
Due In: 10
Annual Debt Service: $248,364
Down Payment: $863,000
Loan Description: *Assumes
Conventional Financing @ 80% LTV.
Confidentiality Agreement
Contact Michael Batdorf, CCIM at
(419) 931-4480
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Apartment Investments
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Need to Know.
Comment
Dear
Richard,
Thank You very much for your help on the
financing. The rate turns out to be better than
expected...
Joe D.
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