nightingale commons & riverside apartments
TRANSCRIPT
Exclusively Offered By:
MICHAEL H. WERNKESenior Vice PresidentInvestment & Multifamily ServicesO 317.663.6100C [email protected]
9339 Priority Way West Drive Suite 120Indianapolis, IN 46240317.663.6000rcre.com
NIGHTINGALE COMMONS & RIVERSIDE APARTMENTSDAYTON, OHIO
Nightingale Commons and Riverside Apartments are located in Dayton, Ohio. Combined, they offer a total of 42 units with a mixture of efficiency, one-bedroom and two-bedroom units.
• Mostly Two-Bedroom Units
• Recent Capital Improvement Campaign
• Close to Downtown Dayton
• Properties are located less than 2 miles from
each other.
INVESTMENT HIGHLIGHTS
DROP PICTURE HERE
Dayton
$Purchase PriceContact Broker
%CAP Rate
7.43%
$
Current NOI$103,677
The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the market or change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.
9339 Priority Way West Drive Suite 120Indianapolis, IN 46240317.663.6000
#growIndy
rcre.com
MICHAEL H. WERNKESenior Vice PresidentO 317.663.6100C [email protected]
NIGHTINGALE COMMONS AND RIVERSIDE APARTMENTS
UNIT MIXNUMBER OF UNITS UNIT TYPE AVERAGE
SIZE (SF)ASKING RENT
RENTPSF
PERCENT OF MIX
3 EFFICIENCY 312 $395 $1.27 7%
9 1/1 728 $496 $0.68 22%
8 2/1 800 $525 $0.66 19%
22 2/2 874 $703 $0.80 52%
This offering memorandum is for two multifamily properties located in Dayton, Indiana. Combined, they offer a total of 42 units with 3 efficiency, 9 one-bedroom and 30 two-bedroom units.
NIGHTINGALE COMMONSBuilt in 1968, Nightingale Commons consists of one, three-story building containing 30 units. The property has recently undergone a significant capital improvement campaign. Units offer all new flooring, cabinets & vanities, countertops, and appliances. In addition, the property has all new HVAC and windows.
Nightingale Commons is located in the north western portion of Dayton and is within the Phoenix Project revitalization area. The Phoenix Project is a public-private partnership that is investing millions of dollars for redevelopment activities in the greater Fairview neighborhood of Dayton, Ohio.
RIVERSIDE APARTMENTSBuilt in 1971, Riverside Apartments consists of one, two-story building containing 12 units. For the tenants convenience, there is a coin operated laundry area available.
Riverside Apartments is located on the north west side of Dayton along Riverside Drive just south of East Hillcrest Avenue.
Nightingale Commons
Riverside