105 S 2nd St - 105 S 2nd Street
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105 S 2nd St - 105 S 2nd Street
8 Unit Apartment Building Offered at £399,868 at a 8.14% Net Initial Yield in Miamisburg, OH 45342
Executive Summary
100% occupied, beautiful building in downtown Miamisburg. Cash Cow! A building with loads of character features a Mexican restaurant that rents 2 commercial spaces and 6 apartments for a total of 8 units. The restaurant is long established in the community and apartments rent quickly. Walking distance to shops, restaurants. The apartment mix is 1 studio, 2 one bed units, 2 two bed units and 1 three bed. Total of 8 units. Offered at 8+ cap
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£58,670
|
£11.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£2,885
|
£0.59
|
| Effective Gross Income |
£55,784
|
£11.33
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£23,244
|
£4.72
|
| Net Operating Income |
£32,541
|
£6.61
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £58,670 |
| Annual Per SF | £11.91 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £2,885 |
| Annual Per SF | £0.59 |
| Effective Gross Income | |
|---|---|
| Annual | £55,784 |
| Annual Per SF | £11.33 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £23,244 |
| Annual Per SF | £4.72 |
| Net Operating Income | |
|---|---|
| Annual | £32,541 |
| Annual Per SF | £6.61 |
Property Facts
| Price | £399,868 | Property Type | Residential |
| Price Per Unit | £49,984 | Building Size | 4,925 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Net Initial Yield | 8.14% | Number of Floors | 3 |
| No. Units | 8 | Year Built | 1890 |
| Price | £399,868 |
| Price Per Unit | £49,984 |
| Sale Type | Investment |
| Net Initial Yield | 8.14% |
| No. Units | 8 |
| Property Type | Residential |
| Building Size | 4,925 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built | 1890 |
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Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (72)
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Presented by
Federle, Inc
105 S 2nd St - 105 S 2nd Street
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