Rare opportunity to acquire a stabilized, income-producing 12-unit townhouse portfolio in Trenton. This offering consists of three 4-unit buildings. Built in 1996, the property features spacious 2-bedroom/2-bathroom townhouse-style units averaging 1,100 SF each totalling 13,200 total rentable square feet on ~1 acre. Currently 100% occupied with in-place rents totaling $14,250/month with a low expense ratio. Eight of twelve units have been updated, with fully renovated units commanding $1,250–$1,300/month and remaining classic units offering clear upside through renovation to market rents. Tenants are responsible for electric, water, and internet, keeping owner expenses minimal. The property is individually metered. Each two-story townhouse features through-wall AC and electric baseboard heat. Washer/dryer hookups in each unit. The pitched shingle roofs were replaced in 2017 across all three buildings. Each building is separately parcelled offering flexibility. Situated in Butler County — one of the fastest-growing counties in southwestern Ohio — the property benefits from proximity to major employers and the greater Cincinnati/Dayton corridor. Ideal for investors seeking stabilized cash flow with built-in value-add upside through remaining unit renovations. Call for offers date is Wednesday, February 25th.
Listed By
Agency Name: Outside The Box Real Estate
Agency Phone: (937) 202-9001
Shown By
Agent Name: Marybeth Larson
Agent Phone: (937) 572-4454
Agency Title: Wright Patt Realty
Estimated Payment
$ 5,299.00 per month $3,616.55 Principal & Interest $1,208.50 Property Tax $473.96 Homeowner's Insurance
300-304 Sal Boulevard | MLS# 951869
This multi-family property located at 300-304 Sal Boulevard, Trenton, OH 45067 is currently listed for sale with an asking price of $1,625,000. 300-304 Sal Boulevard is located within the Edgewood school district. Search Trenton real estate on mlarson.wright-patt.com today.