Multifamily
Deerfield Crossing Apartments
2200 Deerfield Crossing, Piqua, OH 45356
Listing Price: Request For Offer
Investment Overview
Marcus and Millichap is pleased to present Deerfield Crossing, a 48-unit apartment in Piqua, Ohio. This is located north of Dayton on the growing I-75 Corridor. The building is 95% occupied as of 1/8/25 and all units are two bedrooms. An incoming investor will benefit from a stabilized asset that is 1990’s and 2010’s construction. The two-bedroom units, 26 of which are townhomes, have had limited interior upgrades leaving a renovation value-add opportunity to continue to push rents and grow NOI.
Deerfield Crossing Apartments
Investment Highlights
- Unit Mix - all 48 units are two bedrooms and 26 of these are highly desirable townhouse units. There is a mix of units with one, one-and-a-half, and two bathrooms.
- Positive property characteristics - each unit has its own central HVAC system, the water is submetered, it is 1996 (36 units) and 2010 (12 units) construction, and there 20 garages to rent.
- Value add opportunity - the average effective rent is $1,098 as of 1/8/25 with limited interior upgrades. Rental comps in the area have renovated two-bedrooms at $1,400 or higher.
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- Unit Mix - all 48 units are two bedrooms and 26 of these are highly desirable townhouse units. There is a mix of units with one, one-and-a-half, and two bathrooms.
- Positive property characteristics - each unit has its own central HVAC system, the water is submetered, it is 1996 (36 units) and 2010 (12 units) construction, and there 20 garages to rent.
- Value add opportunity - the average effective rent is $1,098 as of 1/8/25 with limited interior upgrades. Rental comps in the area have renovated two-bedrooms at $1,400 or higher.
Investment Overview
Marcus and Millichap is pleased to present Deerfield Crossing, a 48-unit apartment in Piqua, Ohio. This is located north of Dayton on the growing I-75 Corridor. The building is 95% occupied as of 1/8/25 and all units are two bedrooms. An incoming investor will benefit from a stabilized asset that is 1990’s and 2010’s construction. The two-bedroom units, 26 of which are townhomes, have had limited interior upgrades leaving a renovation value-add opportunity to continue to push rents and grow NOI.
Exclusively Listed By
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