1. Ohio
2. Moraine
3. 4121 S Dixie Drive

4121 S Dixie Drive, Moraine, OH 45439

• 6 beds |
• 5 baths |
• 4,284 sqft

Property Description

Motivated to close in 2025! 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, remaining 1-BR substantially remodeled. Nearly new roof, most windows, furnaces, HVACs, on-demand gas hot water, flooring, 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 December 2024: valued at $470K for bank loan. NOI analysis for full year of 2024 operations provided in supplemental documents, demonstrating net $43,000/ year after expenses (excluding mortgage) Expect as goos or better in 2025. Rent roll available for serious inquiry. Perfect turnkey apartment building/ operation.

Listing Status:

Active

Date Added:

September 1, 2024 at 05:00AM

Listing Office:

Outside The Box Real Estate : (937) 202-9001

Listing Agent:

James Kinlaw : (704) 654-9553

MLS ID:

918922

Interior

• General: AtticKitchen IslandLaminate CountersPantryRemodeled
• Appliances: CooktopDryerDishwasherDisposalMicrowaveRangeRefrigeratorWasherGas Water Heater
• Basement: FullPartially FinishedWalk-Out Access
• A/C: Other
• Heating: Forced AirNatural Gas

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of James Kinlaw, Outside The Box Real Estate