Marketing Description Catalpa Crossing Apartments is a 1966 build apartment community located within the Shiloh region of Dayton, OH Catalpa Crossings includes 3 buildings with 54 rentable units, an on-site leasing office, carports, and a park-like setting community The property offers a desirable unit mix which includes six 1 Bedroom/ 1 Bathroom units, six 2 Bedroom/ 2 Bathroom flat units, thirty-six 2 Bedroom/ 2 Bathroom townhome units, and six 3 Bedroom/ 2 Bathroom units With its large units and attractive amenities, Catalpa Crossing offers a stable cash return, with the opportunity to increase cash flow through improving operations and increasing 2 3 Bedroom rents to market rate.
The property consists of three buildings, each three stories, with wood frame construction and exterior vinyl siding and brick. Each unit has its own walkout deck or patio, depending on which story the living room sets All units are individually metered for electric and gas with tenants paying for these utilities Common electric, trash, water sewer, and landscaping are all paid for by the owner.
Catalpa Crossing’s attractive unit amenities and curb appeal offer a unique opportunity for the investor to increase rents in approximately half of the units, which have not been fully renovated, and improve operations through hiring professional management. Based on marketrents, two-bedroom units are under market by $101 while three-bedroom units are under market by $155.
Investment Highlights Spacious 1, 2, and 3 Bedroom Units 36 Town-home Style Units All Units Have Patios Or Decks All Buildings Have Brand New Roofs 2019 83 Surface Parking Spots / 16 Covered Parking Spots Opportunity To Improve Operations $370,000 In Capital Improvements Mature Landscaping Park-Like Setting