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1608 Belvo Road 1602 Miamisburg, OH 45342

0.4
Acres
$430,000
MLS# 936638
0
0.4 AC
1/21
  • New Listing
2/21
3/21
Photos
Map
Photos
Map

Received 06/15/2025

More About 1608 Belvo Road 1602

Stabilized asset with significant upside through rent increases. 8.49% Pro Forma CAP. To be sold together with adjacent identical 4-unit building at 1616 Belvo Rd. (Part of a two building investment portfolio. Each building is listed for $430k. Portfolio Sale $860k). Seller will not sell individually. Exceptional opportunity to acquire two 4-family apartment building in one of the most sought-after rental neighborhood in Miamisburg. Each building consists of 4-spacious 2-bedroom, 1.5-bath townhome-style units, approx 1,000 SF each. Highly functional layouts feature private entrances, in-unit laundry, & two-story living with kitchen, living room, laundry & half bath on first floor, & 2 bedrooms & full bath upstairs. Plenty of updates include not limited to: Laminate flooring, concrete patios, exterior lights front and back, New ACs etc. This is a rare opportunity to acquire 8 units (2b buildings on two separate parcels), side by side, in a high-demand rental location. Investment Highlights: • Two 4 Unit buildings. Identical Layouts. Approx 1,000 SF per unit. • Pro Forma CAP Rate: 8.0% at Market Rents ($1,150/month/unit) • Current Rents Below Market | Strong Upside Potential • On-Site Parking: Parking Lots re-paved and asphalted in 2022. Prime Location & Strong Demand Drivers: • High-Demand Miamisburg Location • Proximity to Dayton Mall, Austin Landing, and I-75/I-675 Interchange • Less than a Mile from Miamisburg High & Middle Schools • Minutes to Dining, Retail, and Major Employment Centers Whether you're a seasoned investor looking to expand your multifamily portfolio or seeking a stable asset with value-add potential, this property checks all the boxes. With below-market rents and immediate upside, it offers strong cash flow in a resilient and growing rental submarket. Don’t miss this rare opportunity—schedule a tour today.

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Directions to this Listing

: From Maue (Lyons Road), left on S. Gebhart Church road,right on Belvo Road.

Information Refreshed: 6/15/2025 1:13 PM

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Property Details

  • MLS#:

    936638
  • Type:

    Multi Family
  • County:

    Montgomery
  • Age:

    38
  • Construction:

    Brick
  • Cooling:

    Central Air
  • Inside Features:

    Laminate Counters, Remodeled, Ceiling Fans
  • Lot Description:

    151' x 115'
  • School District:

    Miamisburg City
This listing courtesy of Tushar Mehta (937) 554-0922 , BHHS Professional Realty (937) 436-9494

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Monthly Cost

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Payment displayed does not include taxes and insurance. Rates last updated on 6/12/2025 from Freddie Mac Primary Mortgage Market Survey. Contact a loan officer for actual rate/payment quotes.
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OH•45342•Montgomery County•Miamisburg•1608 Belvo Road 1602

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