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1602 Belvo Road

Miamisburg, OH 45342
  • $860,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 1844765
UPDATED: 52 min ago
$860,000
  • 8
    BEDS
  • 0.8
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,680
    SQFT
  • $112
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1987
County:

School Ratings & Info

School District:
MLS of Greater Cincinnati logo

Description

8-Unit Value-Add Portfolio. Side-by-Side TWO 4-Unit Buildings. Miamisburg, OH Rare opportunity to acquire 8 units across two identical 4-unit buildings, each on a separate parcel, located side by side in a high-demand Miamisburg rental corridor. To be sold together as a portfolio$860,000 total ($430,000 per building). Seller will not sell individually. Each building features four spacious 2BR/1.5BA townhome-style units, approx. 1,000 SF each, with private entrances, in-unit laundry, and two-story layouts. Recent updates and re-paved parking (2022) add further appeal. 1602 is vacant for showings. 7 of the 8 are rented. Currently rented below market: 4 units @ $1000+1 @ $950 = 2 @$900 + 1 vacant. Investment Highlights: 8.49% Pro Forma CAP at $1,150/month market rents ($9,200/month) Below-market rents with strong upside Well-maintained asset with functional layouts On-site parking | Asphalt lots resurfaced 2022

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MLS of Greater Cincinnati logo The data relating to real estate for sale on this website comes in part from the Broker Reciprocityâ„¢ program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than Apex Group | Keller Williams are marked with the Broker Reciprocityâ„¢ logo (the small black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Apex Group | Keller Williams. Data last updated 2025-07-15T21:14:05.943.
www.searchnorthernkentucky.com/homes/164980260
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1602 Belvo Road Miamisburg, OH 45342

  • Price: $860,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 52 min ago
  • MLS #: 1844765
8
Beds
0
Baths
0
½ Baths
0.8
Acres
7,680
SQFT
$112
$/SQFT
1987
Built
Neighborhood:
Montgomery Co.
County:
Montgomery
Area:
Montgomery Co.
School District:
Miamisburg City SD
Property Description
8-Unit Value-Add Portfolio. Side-by-Side TWO 4-Unit Buildings. Miamisburg, OH Rare opportunity to acquire 8 units across two identical 4-unit buildings, each on a separate parcel, located side by side in a high-demand Miamisburg rental corridor. To be sold together as a portfolio$860,000 total ($430,000 per building). Seller will not sell individually. Each building features four spacious 2BR/1.5BA townhome-style units, approx. 1,000 SF each, with private entrances, in-unit laundry, and two-story layouts. Recent updates and re-paved parking (2022) add further appeal. 1602 is vacant for showings. 7 of the 8 are rented. Currently rented below market: 4 units @ $1000+1 @ $950 = 2 @$900 + 1 vacant. Investment Highlights: 8.49% Pro Forma CAP at $1,150/month market rents ($9,200/month) Below-market rents with strong upside Well-maintained asset with functional layouts On-site parking | Asphalt lots resurfaced 2022
Exterior Features

Construction Materials Vinyl Siding Exterior Features PatioWood FenceYard Lights Foundation Details Slab Garage None Levels Two Open Parking Spaces 20 Parking Features AsphaltLightsLotOff StreetOnstreet Roof Shingle View City

Interior Features

Appliances Include DishwasherRangeFridge Basement None Cooling Central Air Efficiency Sq Ft 0 Efficiency Units 0 Fireplace Features None Fireplaces 0 Heating Gas Separate Air Conditioning Yes Unit1 Rooms 0 Unit2 Rooms 0 Unit3 Rooms 0 Unit4 Rooms 0 Window Features Double Hung

Property Features

Auction No Efficiency Rent 0 Gas Natural Gas And Electric 0 Gross Income 120103 Heat Paid Tenant Insurance Expense 3000 Maintenance Expense 1050 Miscellaneous Individual Laundry Mls Area Montgomery-E30 Net Operating Income 72980 New Construction YN No New Taxes Expense 13846 Other Expense 5500 Property Sub Type Multi Fam 2-4 units Semi Annual Taxes $6923 Separate Furnace Yes Separate Gas Elect Yes Sewer Public Sewer Special Financing No Subdivision Name Montgomery Co. Township Miami Twp-Miamisburg City Ii-M Unit1 Rent 0 Unit2 Rent 1150 Unit3 Rent 0 Unit4 Rent 0 Waste Removal 0 Water Paid Owner Water Sewer Expense 9703 Water Source Public Zoning ResidentialMulti Family

MLS of Greater Cincinnati logo © 2025 MLS of Greater Cincinnati, Inc. All rights reserved. Listing courtesy of BHHS Professional Realty, 937-436-9494 and Tushar Mehta, . Information deemed reliable but not guaranteed.
MLS of Greater Cincinnati logo The data relating to real estate for sale on this website comes in part from the Broker Reciprocityâ„¢ program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than Apex Group | Keller Williams are marked with the Broker Reciprocityâ„¢ logo (the small black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Apex Group | Keller Williams. Data last updated 2025-07-15T21:14:05.943.
 
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