If you need assistance, please call 937-353-4600

$2,300,000
1316 McArthur Ave, Dayton, OH 45417
25 Beds
46 Baths
10,838 SqFt

Share

   
OR
Photos
Map
Prices are changing. Get a free home estimate     Find out now

powered by Etta

Foreclosure Sale by Court-Appointed Receiver. CJ McLin Senior Apartments for sale, a two-building, 46-unit apartment complex located in Dayton, Ohio. Subject property is approximately three miles from Downtown Dayton and the University of Dayton. Out of the 46 units, 15 are vacant, presenting an intriguing value-add opportunity for the new owner. 100% of the units benefit from a Project Based Section 8 HAP contract that runs through February 2036. The property is subject to a Land Use Restriction Agreement (LURA) with HUD, requiring the property to be operated as affordable housing for the elderly / disabled. The LURA also requires the owner to be a non-profit. Any transfer has to be approved by HUD and the new owner will assume the HUD LURA. Great upside potential by curing deferred maintenance and fully leasing the premises. Abundance of amenities and attractions nearby, with proximity to major roadways.Investor special. Property is sold 100% AS-IS, WHERE-IS, with all faults. Property is sold subject to any code violations, to the extent any exist. Property is sold subject to court approval. Information contained in any advertisement is not guaranteed or warranted. Property will be sold free and clear of all liens.
  • Price:
  • $2,300,000
  • Bedrooms:
  • 25
  • Full Baths:
  • 46
  • Square Footage:
  • 10,838
  • Acreage:
  • 1.79
  • Year Built:
  • 1986
  • Listing ID #:
  • 874377
  • Street Address:
  • 1316 McArthur Ave
  • City:
  • Dayton
  • State:
  • Ohio
  • Postal Code:
  • 45417
  • County:
  • Montgomery
  • Subdivision:
  • Madden Hills
  • Listing Status:
  • Pending
  • Listing Type:
  • Multi-Family
School District: Dayton
  • Basement Description:
  • Slab
  • Construction Type:
  • Vinyl
  • Total Building Square Footage:
  • 10838
  • Year Built:
  • 1986
  • Approximate Lot Size Range Source:
  • Assessor's Data
  • Conforms To Zoning:
  • Multiple
  • Lot Square Footage:
  • 77972
  • For Sale Or Lease?:
  • Sale
  • Subdivision:
  • Madden Hills
  • Heating:
  • Forced Air
$

$

%

$

$

$


The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing provided by April L Lane (513) 841-7000 with Prodigy Properties.
  • DABOR