Moraine OH Multi Family for Sale
$475,000
4121 S Dixie Drive Moraine, OH 45439
- Type:
- Other
- Sq.Ft.:
- 4,284
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.13 Acres
- Year built:
- 1935
- Baths:
- 5.00
- MLS#:
- 918922
View additional info
Courtesy: Outside The Box Real Estate
937-202-9001
ADDITIONAL INFORMATION
Extensively renovated 5-unit apartment building (four 1-BRs and one 2-BR) with no deferred maintenance. Unique commercially zoned property has stately appeal with a common, raised front porch that overlooks the brand new West Carrollton Intermediate School--directly across the street. Location is outstanding- only one block from Stroop and Kettering amenities. Four of 5 apartments are completely remodeled, with the one remaining in excellent condition. New roof, mostly new windows, new HVACs, new on-demand gas hot water, mostly new flooring, mostly new appliances, cabinets and countertops throughout; new paint. Modern styling and quickly rentable. 2-BR has private laundry room and Common coin laundry and tenant storage area for other units; newly paved/ repaved and lined designated space parking lot. Electronic main door entries and 4-camera exterior security. New exterior aluminum trim, siding and paint. Nicely landscaped and attractive setting. Commercial appraisal conducted in May 2023: valued at $465K for bank loan (can be provided upon serious offer request). First year of full operations achieved NOI exceeding $44K/year (see summary statement in attached documents). Rents range from $775 for non-renovated 1-BR unit to $1145 for the 2-BR. Rent roll available for serious inquiry. Perfect turnkey apartment building/ operation.
Andrea D. Conner, License BRKP.2017002935, Xome Inc., License REC.2015001703, [email protected], 844-400-XOME (9663), 2939 Vernon Place, Suite 300, Cincinnati, OH 45219
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Moraine Real Estate
The median home value in Moraine, OH is $109,500. This is lower than the county median home value of $162,200. The national median home value is $338,100. The average price of homes sold in Moraine, OH is $109,500. Approximately 47.27% of Moraine homes are owned, compared to 38.57% rented, while 14.17% are vacant. Moraine real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Moraine real estate agent to arrange a tour today!
Moraine, Ohio has a population of 6,413. Moraine is more family-centric than the surrounding county with 26.26% of the households containing married families with children. The county average for households married with children is 24.91%.
The median household income in Moraine, Ohio is $43,042. The median household income for the surrounding county is $56,543 compared to the national median of $69,021. The median age of people living in Moraine is 35.3 years.
Moraine Weather
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 21.2 degrees. The average rainfall is approximately 40.2 inches per year, with 15.2 inches of snow per year.