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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
MORTGAGE CALCULATOR
Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.