Dayton Homes

Asset Type

Residential

Address
4610 Cummings Ct Dayton, OH United States 45417-1400
Asking Price

S$8,220,000

Sq Footage

209,767

Year Built

2002

Cap Rate

N/A

Additional Attributes

Property Description

JLL Affordable Housing is pleased to present the exclusive listing of the Dayton Homes Portfolio, a LIHTC single-family home scattered site portfolio located in Dayton, Ohio. The opportunity provides a new owner an immediate economy of scale in an MSA with more than 800,000 residents, single family homes in close proximity to downtown, large floor-plans with private green space and garages, and land that is located in a Qualified Census Tract (QCT) as well as an Opportunity Zone.

Investment Highlights

  • Proximity to Downtown

The closest home is less than a mile from downtown Dayton which provides residents convenient access to the Miami River trail system, University of Dayton, major highways, and a plethora of entertainment, dining, retail and employment opportunities located in the city center. The ability to own multiple single-family homes that close to downtown helps insulate the portfolio’s value.

  • Qualified Census Tract (QCT) and Opportunity Zone

All the homes are in a QCT affording a potential buyer the opportunity to receive a 30% boost in qualified basis should a new owner elect a re-syndication strategy. The homes are also located in an Opportunity Zone providing the chance for additional tax benefits.

  • Economies of Scale

The offering is comprised of 3 partnerships and 149 single family homes all within a four-mile radius giving any potential buyers an immediate presence in the Dayton Market along with an ability through economies of scale to improve in-place operations.

  • Average Square Feet per Unit

The assets are made up of large three and four bedroom homes. Each floorplan is at least 1,200 square feet which provides the families residing in the homes with ample space. Select homes have attached and detached garages providing additional space for cars or storage.

  • Amenities

The Dayton Homes feature amenities that are more than competitive with the West Dayton submarket including on-site maintenance, garbage disposals, refrigerators, washer/dryer hookups, driveways, yards, and garages.


Listing Contacts
Michael Furrow
Michael Furrow
Associate, Capital Markets
+65 3159 4021
Jessica Wolters
Jessica Wolters
Managing Director, Captl Mkts
+65 3159 4021
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