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$ 399,900
Est. payment | /mo
4 Beds
4 Baths
2,432 SqFt
$ 399,900
Est. payment | /mo
4 Beds
4 Baths
2,432 SqFt
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Backups
Purchase Type For Sale
Square Footage 2,432 sqft
Price per Sqft $164
MLS Listing ID 955404
Bedrooms 4
Full Baths 4
Year Built 1964
Annual Tax Amount $7,664
Lot Size 0.280 Acres
Lot Dimensions .28 Acres
Property Sub-Type 2-4 Units
Property Description
Stabilized brick asset in the heart of Kettering featuring a massive "rent gap", while currently yielding steady income with long term tenants. This property is primed for a "market to market" strategy that can increase gross revenue by 40% with minor cosmetic updates. Invest in a recession - proof US Military - corridor market, Wright-Patterson Air Force Base. Why WILLAMET ROAD? Location stability: 15 minutes to Wright-Patterson AFB, (huge tenant pool). Convenience: Less than 2 miles to the Greene Shopping & dining. High demand area: Zip Code 45429 is one of the most supply-constrained rental pockets in the Dayton MSA. Multiple improvements: Upgraded carport drainage (in 2024 a new drainage system preventing water from pooling and freezing totally mitigating fall hazards) and added motion sensor lights improving nighttime visibility and safety. New household appliances: two units with new water heaters, two AC wall units, one with new range, two units have new microwaves, one new furnace, one has building owner washer /dryer and partially furnished. New gutters; high quality (Monolithic gutters in 2025). General repair: new toilet, bathtub plumbing replaced, 2 kitchen faucets replaced, front steps concrete landing installed in 2024, rebuilt handrails for safety, fluorescent lighting installed, furnaces cleaned and serviced annually, lawn cared for annually. Units 1554 and 1560 each have a Radon System installed. In general, the property has been well maintained throughout the years. Long term tenants take great care of their units, and all would like to stay.
Location
State OH
County Montgomery
Zoning Multiple
Rooms
Basement Slab
Interior
Interior Features Gas Water Heater, Paddle Fans, Smoke Alarm(s), Storage Lock
Heating Forced Air, Natural Gas
Cooling Other, Wall
Exterior
Parking Features 4 or More, Carport, Detached, Storage
Building
Structure Type Brick
Schools
School District Kettering
Listed by RE/MAX Victory + Affiliates
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