A local real estate agent should be able to find this out for you and if it didn't sell at the auction and it ends up going back to the bank they should also be able to tell you when it comes on the market as a REO.... more
There are some large apartments in that area, and all throughout the Dayton area, but nothing on the market currently, at least through our MLS system. I would have to do some digging for you on this one, a lot of our commercial brokers do not advertise the properties on the MLS in our area, which makes no sense to me, but that is the way it seems to be the case.
The largest multifamily in that area that I know about for sale right now is here (229 units):
The subject property consists of 18 brick two story buildings which are made up of 128 one-bedroom units and 101 two bedroom units. The one bedroom units range from 692 SF to 932 SF with a monthly rental average of approximately $414 which is about $45 below market according to a REIS report covering rental comps within a 10 miles radius of the subject property. The two bedroom units range from 827 SF up to 1614 SF with a monthly rental average of $520 which is $20 below marketing according to the same REIS report. The subject property is approximately 90% occupied. The price: $7,000,000.
If you would like more info on this, please let me know, I would be happy to help. I also have access to a large multi family in Oxford, OH consisting oover 300 units and will be listed at a price of around $16,000,000 in January sometime. It is a VERY nice property that stays about 95% rented and has a cap rate of about 11 at that price.
I would like to help you on this, please contact me if you have any questions. - (937) 974-5176 or sold@JohnYouker.com.... more
You can actually contact the agent of your choice - in your local area to assist you with the particulars. It has been my experience that signs go up and down for many different reasons.
A house can be removed from the market just to spruce it up a little bit more - then return to the market a whole new product. Sometimes the asking price isn't met and the sellers will want to wait until the market is ready for that particular property/price.
It would behoove you to contact an agent and look into the situation. You may be the buyer they missed! Good luck and let us know how it goes!... more