• Grafton Hill Apartments - 200 Central Ave, Dayton, OH 45406

For Sale

Multi-Family

For Sale

This property is available for sale
0.46
Acres
$950,000
Sale Price
  • Year Built
    1963
  • Total Building Size
    28,938 RSF
  • Overview

    The subject apartments consist of two buildings including the following contiguous addresses: 200 Central Avenue and 333 Superior Avenue, both are located in the Grafton Hill Historic District: From https://graftonhill.org/ : “(Grafton Hill Historic District) borders Downtown Dayton just across the Great Miami River and is roughly defined by Grand, Plymouth, Forest and Salem Avenues. Grafton Hill represents a movement of Dayton’s affluent residents from the center city northward across the Great Miami River during the late nineteenth and early twentieth centuries. Grafton Hill contains some of Dayton’s best examples of stately, high-style residential architecture from this period including Queen Anne, Neoclassical, Tudor, Jacobethan and Craftsman homes. Today Grafton Hill maintains its historic charm and an active neighborhood association. The Dayton Art Institute, Dayton Masonic Center and Annunciation Greek Orthodox Church are all nestled within the boundaries of Grafton Hill. Grandview Medical Center is also a great neighbor to our north. Grafton Hill is within walking distance of the best of Downtown Dayton–including the Schuster Center for the Arts, Riverscape Metropark, River Run, the bike path and much, much more!” 42 Total Units available in Beautiful Grafton Hill Historic District. The offering consists of two contiguous buildings: 200 Central Avenue consists of 24 efficiency and one-bedroom units. All block & brick building with 3 floors. Boiler heat--landlord pays heat, water & sewer. Tenants pay electric. Window a/c units. One unit (apartment 5) is being used for storage which can be converted back at approximately $3,000 to $4,000. Apartment 3 is being used for the rental office. There is an underground garage with 12 spaces that can be rented for a value add. Second floor laundry that is building-owned. New Roof in 2015 (flat rubber membrane). Water heater is 5 years old, original windows. There is an elevator that is disconnected that can be replaced for $25,000. 333 Superior Avenue consists of 18 efficiency units. All block and brick building with 3 floors. Boiler heat--landlord pays heat, water & sewer. Tenants pay electric. Window a/c units. Boiler is 8 years old, water heater is 5 years old, original windows, shingle roof from 2005. Apartment 19 is used for maintenance storage. Rents are in the process of being raised in 2018 from $295 to $350 for the efficiencies and $375 to $450 for the one-bedroom units.

Contact or Call

Property Details

The subject apartments consist of two buildings including the following contiguous addresses: 200 Central Avenue and 333 Superior Avenue, both are located in the Grafton Hill Historic District: From https://graftonhill.org/ : “(Grafton Hill Historic District) borders Downtown Dayton just across the Great Miami River and is roughly defined by Grand, Plymouth, Forest and Salem Avenues. Grafton Hill represents a movement of Dayton’s affluent residents from the center city northward across the Great Miami River during the late nineteenth and early twentieth centuries. Grafton Hill contains some of Dayton’s best examples of stately, high-style residential architecture from this period including Queen Anne, Neoclassical, Tudor, Jacobethan and Craftsman homes. Today Grafton Hill maintains its historic charm and an active neighborhood association. The Dayton Art Institute, Dayton Masonic Center and Annunciation Greek Orthodox Church are all nestled within the boundaries of Grafton Hill. Grandview Medical Center is also a great neighbor to our north. Grafton Hill is within walking distance of the best of Downtown Dayton–including the Schuster Center for the Arts, Riverscape Metropark, River Run, the bike path and much, much more!” 42 Total Units available in Beautiful Grafton Hill Historic District. The offering consists of two contiguous buildings: 200 Central Avenue consists of 24 efficiency and one-bedroom units. All block & brick building with 3 floors. Boiler heat--landlord pays heat, water & sewer. Tenants pay electric. Window a/c units. One unit (apartment 5) is being used for storage which can be converted back at approximately $3,000 to $4,000. Apartment 3 is being used for the rental office. There is an underground garage with 12 spaces that can be rented for a value add. Second floor laundry that is building-owned. New Roof in 2015 (flat rubber membrane). Water heater is 5 years old, original windows. There is an elevator that is disconnected that can be replaced for $25,000. 333 Superior Avenue consists of 18 efficiency units. All block and brick building with 3 floors. Boiler heat--landlord pays heat, water & sewer. Tenants pay electric. Window a/c units. Boiler is 8 years old, water heater is 5 years old, original windows, shingle roof from 2005. Apartment 19 is used for maintenance storage. Rents are in the process of being raised in 2018 from $295 to $350 for the efficiencies and $375 to $450 for the one-bedroom units.

  • Property Type
    Multi-Family
  • Submarket
  • Year Built
    1963
  • Sale Price
    $950,000
  • Total Building Size
    28,938RSF
  • Total Acres
    0.46
  • Sale Status
    Available
  • Property ID
    2059663

Landlord's Sales Representative

  • Bart Weprin
    Weprin Realty Inc