The property features 28 fully framed 1-bed/1-bath units, each spanning 650 square feet. A brand-new roof has been installed, ensuring the property’s longevity and reducing future maintenance costs. The framing for all 28 units is already complete, positioning this asset perfectly for immediate development. What sets this opportunity apart even further are the city-approved construction drawings by the renowned Envisage Architecture. With these plans already greenlit by the City of Dayton, the property is ready for you to add the finishing touches and bring these units to market quickly and efficiently. With everything in place, this property is set to achieve an impressive 13%+ cap rate in its first year alone. This is more than just an investment; its a golden opportunity to secure a high-yield asset in a growing market. Properties like this, with such substantial upside and robust cash flow potential, are rare. Don’t miss your chance to add this lucrative asset to your portfolio. Act quickly—this property is bound to attract strong interest, and you’ll want to secure it before someone else does.
Property Details
Property Features
Property Information:
Year Built: 1966
Living Area: 21,420 SqFt
Listing Office:
Office Name: Outside The Box Real Estate
Office Phone: (937) 202-9001
Listing Agent: Max Wechter
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 28
Total Bedroom Count: 28
Exterior Features
Parking Information:
Parking: No Garage
Lot Features
Lot Information:
Lot Size: 0.89 Acres
Utilities
Utilities Information:
Heating: Other
Cooling: None
Other
Directions Information:
Directions: N on Brooklyn Ave., W on James H McGee Blvd.
Price Information
Listing Price Info
Price Summary:
List Price: $599,900
Price Per SqFt: $28/SqFt
Tax Information:
Annual Amount: $11,926
Tax Year: 2020
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Housing Market Comparison
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Westwood PreK-6 School
2805 Oakridge Dr
Distance between this listing and this school0.63 miles
Public District Grades PK-6
4
/10
World of Wonder PreK-6 School
1923 W 3rd St
Distance between this listing and this school1.11 miles
Public District Grades PK-6
2
/10
Fairview PreK-6 School
2314 Elsmere Ave
Distance between this listing and this school1.71 miles
Public District Grades PK-6
Nearby Schools
3
/10
Dayton Leadership Academies-Dayton View Campus
1416 W Riverview Ave
Distance between this listing and this school1.41 miles
Public Charter Grades KG-8
3
/10
Edwin Joel Brown Middle School
31 Willowwood Dr
Distance between this listing and this school2.03 miles
Public District Grades 7-8
3
/10
Wogaman Middle School
920 McArthur Ave
Distance between this listing and this school2.05 miles
Public District Grades 7-8
Nearby Schools
2
/10
Thurgood Marshall High School
4447 Hoover Ave
Distance between this listing and this school0.99 miles
Public District Grades 9-12
2
/10
Gem City Career Preparatory High School
1721 N Main St
Distance between this listing and this school2.16 miles
Public Charter Grades 9-12
1
/10
Urban Early College Network
3237 W Siebenthaler Ave Unit 2
Distance between this listing and this school2.22 miles
The neighbors living near this home have an average income of $15,895. Most Dayton, OH residents have annual incomes less than $35k. Most families are single, no kids. Residents of this area typically have high school diploma education.
This home is located at 1800 N James H Mcgee Blvd in Dayton, OH and zip code 45417 in the Westwood neighborhood. This 21,420 square foot home, which was built in 1966, sits on a 0.89 acre lot. Features: 28 bedrooms, 28 bathrooms. It has been listed on Rocket Homes since August 23, 2024 and is currently priced at $599,900.
Dayton, OH housing market in November 2024 saw over 95 listings sold above listed price, more than 73 sold at listed price and over 198 sold below. Between October 2024 and November 2024, Dayton, OH real estate market has seen decrease in the number of listings by 7.1%.
From Rocket Homes Real Estate and based on county public records data.