1631 Jackson Lane Middletown Middletown - South OH 45044 (MLS# 1877557)

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1631 Jackson Lane Middletown OH 45044

Listing Information
Price	$3,750,000
Listing Number	1877557

Driving Directions
75 to Middletown exit - Roosevelt Blvd. To right on Jackson Lane.

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Agent Remarks
Well-maintained 48-unit multifamily community in Middletown, Ohio, featuring 48 spacious one-bedroom, one-bath apartments, each with a living room, dining area, and kitchen. This income-producing asset offers desirable tenant amenities, including an on-site leasing office, laundry facility, and dog park. Recent capital improvements include a new roof installed in 2022 and all new electrical service completed in 2023. Select units have also been updated with new hot water heaters, flooring, countertops, and other interior finishes. Rents continue to trend upward as units turn over, providing a clear path for continued revenue growth. The property also benefits from an on-site maintenance employee, with those expenses already incorporated into the current NOI. Located between Dayton and Cincinnati, this property presents an excellent investment opportunity with stable cash flow and additional upside potential through continued unit upgrades and operational efficiencies.

Agent Remarks

Well-maintained 48-unit multifamily community in Middletown, Ohio, featuring 48 spacious one-bedroom, one-bath apartments, each with a living room, dining area, and kitchen. This income-producing asset offers desirable tenant amenities, including an on-site leasing office, laundry facility, and dog park. Recent capital improvements include a new roof installed in 2022 and all new electrical service completed in 2023. Select units have also been updated with new hot water heaters, flooring, countertops, and other interior finishes. Rents continue to trend upward as units turn over, providing a clear path for continued revenue growth. The property also benefits from an on-site maintenance employee, with those expenses already incorporated into the current NOI. Located between Dayton and Cincinnati, this property presents an excellent investment opportunity with stable cash flow and additional upside potential through continued unit upgrades and operational efficiencies.

Property Information

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More Information

General Information
Property Type	Residential Income
Style	Apartment
County	Butler
Subdivision	Middletown - South
Zip Code	45044
School District	Middletown City SD
Listing Number	1877557

Property Features
Basement	None
Parking	Lot
Windows	Slider
Heating	Electric
Cooling	Wall Unit
Fireplace	None

Multi-Family Information
Total Units	48
1 Bedroom Units	48
Heat Paid	Tenant
Separate Gas & Elec	Yes
Separate Furnace/AC	Yes/Yes

Additional Information
Levels	Three+
Construction	Brick
Gas	None
Water	Public
Sewer	Public Sewer
Foundation	Poured
Occupancy	Negotiable
Semi-Annual Taxes	$16,528.00

Additional Features
Other Features	Coin Laundry, Smoke Alarm

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This listing courtesy of Amy Hamilton (937-286-7802), Keller Williams Community Part (937-530-4904). All Information is believed accurate, but is NOT guaranteed.

The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the MLS of Greater Cincinnati, Inc. Real estate listings held by brokerage firms other than Jordan Realtors are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not be all the properties available through Broker Reciprocity.