Illinois Ave

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Illinois Ave

Middletown, OH 45042
Asking Price
$189K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Middletown, Ohio
  • Priced at 189000 dollars for the full asset
  • Situated within the 45042 zip code service area
  • Stable residential market between Cincinnati and Dayton
  • Core asset type suitable for investment portfolios

What's Special

This apartment building on Illinois Avenue in Middletown, Ohio, presents a multifamily investment in a growing suburban market within the Cincinnati-Dayton metro area. The property is positioned to serve local housing demand in a region supported by a diverse regional economy and access to major transportation corridors. With a strategic location in the 45042 zip code, the asset offers proximity to the central business hub of Middletown. Investors may view this as an opportunity to acquire a residential holding in a stable Midwest corridor that continues to experience steady population growth. Given its layout and current market positioning, the building is well-suited for professional management or value-add strategies. The site provides a functional footprint for residential rental operations, catering to tenants seeking connectivity to local schools, services, and employment centers throughout the valley.

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NOI
$80,000
Cap Rate
42.33%
DSCR
7.13
Strong
Cash-on-Cash
121.30%
Monthly Payment
$935.069
Annual Cash Flow
$68,779.173

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