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$ 355,000
Est. payment | /mo
4 Beds
4 Baths
3,304 SqFt
$ 355,000
Est. payment | /mo
4 Beds
4 Baths
3,304 SqFt
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Pending
Purchase Type For Sale
Square Footage 3,304 sqft
Price per Sqft $107
MLS Listing ID 969271
Bedrooms 4
Full Baths 4
Year Built 1977
Annual Tax Amount $5,954
Lot Size 0.440 Acres
Lot Dimensions 80x120
Property Sub-Type 2-4 Units
Property Description
Excellent opportunity to acquire a quality brick ranch double at 1310-1320 Quailbend Cr., Kettering, OH 45429. Built in 1977 with approximately 3,304 total sq. ft., this property has enjoyed long-term tenancy and very little turnover.
Both units feature 2 bedrooms, 2 full baths, formal living and dining rooms, family rooms with wood-burning fireplaces, primary bedrooms with private baths and walk-in closets, private patios and attached garages.
2-car garage unit: Currently $1,200/month; estimated market rent approximately $1,500/month.
1-car garage unit: Currently $1,150/month; estimated market rent approximately $1,300/month.
CURRENT INCOME
Current gross rent: $2,350/month
Current annual gross rent: $28,200
ESTIMATED MARKET RENT
Potential gross rent: $2,800/month
Potential annual gross rent: $33,600
This represents approximately $5,400 per year in potential additional gross rental income based upon estimated market rents.
ANNUAL OPERATING EXPENSES
Real Estate Taxes: $5,954
Insurance: $2,316
Management: $2,900
Repairs: $4,205
Exterior/Landscaping Service: $3,600
Materials: $200
Total Reported Operating Expenses: $19,175
The $3,600 exterior/landscaping expense provides year-round property maintenance and includes snow plowing and salting, spring clean-up, new mulch and bed clean-up, trimming, and fall clean-up.
Tenants pay their own water and trash.
Both units feature 2 bedrooms, 2 full baths, formal living and dining rooms, family rooms with wood-burning fireplaces, primary bedrooms with private baths and walk-in closets, private patios and attached garages.
2-car garage unit: Currently $1,200/month; estimated market rent approximately $1,500/month.
1-car garage unit: Currently $1,150/month; estimated market rent approximately $1,300/month.
CURRENT INCOME
Current gross rent: $2,350/month
Current annual gross rent: $28,200
ESTIMATED MARKET RENT
Potential gross rent: $2,800/month
Potential annual gross rent: $33,600
This represents approximately $5,400 per year in potential additional gross rental income based upon estimated market rents.
ANNUAL OPERATING EXPENSES
Real Estate Taxes: $5,954
Insurance: $2,316
Management: $2,900
Repairs: $4,205
Exterior/Landscaping Service: $3,600
Materials: $200
Total Reported Operating Expenses: $19,175
The $3,600 exterior/landscaping expense provides year-round property maintenance and includes snow plowing and salting, spring clean-up, new mulch and bed clean-up, trimming, and fall clean-up.
Tenants pay their own water and trash.
Location
State OH
County Montgomery
Zoning Residential
Rooms
Basement Slab
Interior
Heating Electric
Cooling Central
Exterior
Parking Features 2 Car
Building
Structure Type Brick
Schools
School District Kettering
Others
Listed by Howard Hanna Real Estate Serv
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