Multifamily
1501 Riverside
1501 Riverside Dr, Dayton, OH 45405
Listing Price: $600,000
Investment Overview
Marcus & Millichap is pleased to present 1501 Riverside, a 14-unit multifamily redevelopment opportunity located in Dayton’s Riverdale submarket. The property includes eight one-bedroom and six two-bedroom units totaling 7,848 rentable square feet. Significant exterior and mechanical upgrades have been completed in the past year - including new plumbing, electric, HVAC systems, windows, and roofing - positioning the asset for interior completion and lease-up. 1501 Riverside is located within a Community Reinvestment Area (CRA), offering investors the potential for a 15-year tax abatement upon completion in a growing submarket near downtown Dayton.
1501 Riverside
Investment Highlights
- Significant Redevelopment with Value-Add Potential: Majority of the Capital Work Has Been Completed; Interiors Are Ready for Finishes, Offering Strong Upside Through First-Generation Lease-Up.
- Desirable Utility Configuration and Mechanical Systems: Each Unit Is Equipped with New Electric Furnaces and AC Condensers and Are Individually Metered Water - Minimizing Operational Costs
- Prime Location with CRA Tax Abatement Potential: Situated just Five-Minutes from Downtown Dayton, the Property Is in a Designated Community Reinvestment Area - Opportunity for a 15-Year Tax Abatement
Exclusively Listed By
Listing Price: $600,000
Investment Highlights
- Significant Redevelopment with Value-Add Potential: Majority of the Capital Work Has Been Completed; Interiors Are Ready for Finishes, Offering Strong Upside Through First-Generation Lease-Up.
- Desirable Utility Configuration and Mechanical Systems: Each Unit Is Equipped with New Electric Furnaces and AC Condensers and Are Individually Metered Water - Minimizing Operational Costs
- Prime Location with CRA Tax Abatement Potential: Situated just Five-Minutes from Downtown Dayton, the Property Is in a Designated Community Reinvestment Area - Opportunity for a 15-Year Tax Abatement
Investment Overview
Marcus & Millichap is pleased to present 1501 Riverside, a 14-unit multifamily redevelopment opportunity located in Dayton’s Riverdale submarket. The property includes eight one-bedroom and six two-bedroom units totaling 7,848 rentable square feet. Significant exterior and mechanical upgrades have been completed in the past year - including new plumbing, electric, HVAC systems, windows, and roofing - positioning the asset for interior completion and lease-up. 1501 Riverside is located within a Community Reinvestment Area (CRA), offering investors the potential for a 15-year tax abatement upon completion in a growing submarket near downtown Dayton.
Exclusively Listed By
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