University of Dayton buys property near school

University of Dayton has bought a duplex near the campus for $300,000.

The sale of the property at 717-719 Alberta St. was recorded May 1.

UD has continued to acquire student housing around the school as well as develop new housing, and now about 90 percent of undergraduates live in university-owned housing.

Montgomery County property records stated the assessed value of the 1,904-square-foot home is $65,070. The seller is listed as Annstan IV LLC, which is listed with a Clayton address.

UD stated it purchased the residential property for student housing. The university said in a statement that the purchase price is reflective of the market value rather than the assessed value for property in the student neighborhoods “which is higher due to the strong student demand for University-owned housing close to campus.”

During the last decade, UD has invested more than $150 million in new construction, acquisition and renovations for more than 439 residential houses, duplexes, apartment buildings and residence halls.

The purchase comes just a few months after one of the university’s purchased the land that a popular strip mall sits on near campus for more than $2.6 million. In October, UD’s East Aqua Development II LLC purchased the two parcels of land that University Place sits on. UD already owns the shops and apartments at University Place.


PHOTOS: Victorian farmhouse with wine cellar, party barn on sale in Troy

• WOW air’s first discount flights from Cincinnati to Europe, Iceland launch this week

• Body found in pond at an Ohio community college

• Local college took on #MeToo decades before a movement went mainstream

• Longaberger Co. going out of business: What it means for your baskets

About the Authors