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Additional details
$1,595,000
Est. payment /mo
28 Beds
26 Baths
5,026 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,026 sqft
Price per Sqft $317
MLS Listing ID 969406
Bedrooms 28
Full Baths 14
Half Baths 24
Year Built 1968
Annual Tax Amount $40,348
Lot Size 2.500 Acres
Lot Dimensions 306.16, 209.03,494.42,374.32
Property Sub-Type 5+ Units
Property Description
Fully leased 14-unit townhome portfolio in Kettering, located near the Oakwood border. Offered as one investment, the portfolio includes three residential buildings. Current rents average approximately $250 per unit below estimated market rents ($42,000 per year), providing meaningful potential for future rent growth.
All units feature two-bedroom floor plans with distinctive layouts. Twelve townhomes showcase a beautiful spiral staircase—a striking architectural feature rarely found in rental properties—and include one full bath and two half baths. Two garden-style units offer single-level living with two full baths. Kitchens include a range, refrigerator, dishwasher and disposal. Eight units provide in-unit washer and dryer hookups. The community laundry room features three leased, coin-operated washer-and-dryer units that will convey with the property. Tenants pay gas and electric. Parking includes 14 covered carport spaces and five uncovered spaces in the rear lot.
The property has received substantial improvements within the past five years. Seven units have been fully renovated and four partially renovated. The rear lot and covered parking areas received asphalt improvements in September 2023. Decks were rebuilt at Units 2177 and 2183, and deck stairs at Unit 2179. New HVAC systems were installed in Units 2171, 2183 and 2191.
Plumbing improvements include individual main water shutoff valves in every unit and new building water-main shutoff valves in the pit. Additional updates include water heaters, appliances, toilets, faucets, sinks and fixture shutoff valves.
This is an opportunity to acquire a stabilized, income-producing portfolio with distinctive townhome residences and significant rental upside near Oakwood.
Financial information is available to qualified prospective purchasers upon execution of a purchase contract. Net Operating Income = TTM: $100,612, 2025: $100,262
Please do not disturb tenants. Showings by appointment only.
All units feature two-bedroom floor plans with distinctive layouts. Twelve townhomes showcase a beautiful spiral staircase—a striking architectural feature rarely found in rental properties—and include one full bath and two half baths. Two garden-style units offer single-level living with two full baths. Kitchens include a range, refrigerator, dishwasher and disposal. Eight units provide in-unit washer and dryer hookups. The community laundry room features three leased, coin-operated washer-and-dryer units that will convey with the property. Tenants pay gas and electric. Parking includes 14 covered carport spaces and five uncovered spaces in the rear lot.
The property has received substantial improvements within the past five years. Seven units have been fully renovated and four partially renovated. The rear lot and covered parking areas received asphalt improvements in September 2023. Decks were rebuilt at Units 2177 and 2183, and deck stairs at Unit 2179. New HVAC systems were installed in Units 2171, 2183 and 2191.
Plumbing improvements include individual main water shutoff valves in every unit and new building water-main shutoff valves in the pit. Additional updates include water heaters, appliances, toilets, faucets, sinks and fixture shutoff valves.
This is an opportunity to acquire a stabilized, income-producing portfolio with distinctive townhome residences and significant rental upside near Oakwood.
Financial information is available to qualified prospective purchasers upon execution of a purchase contract. Net Operating Income = TTM: $100,612, 2025: $100,262
Please do not disturb tenants. Showings by appointment only.
Location
State OH
County Montgomery
Zoning Residential
Rooms
Basement Slab
Interior
Heating Forced Air, Natural Gas
Cooling Central
Exterior
Parking Features Carport
Utilities Available Natural Gas, Public Water, Sanitary Sewer
Building
Structure Type Brick
Schools
School District Kettering
Others
Ownership Agent Owned
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Listed by Ascent Real Estate Advisors
Nearby School & Business
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Kunal Patel
Broker Associate License ID: BRKA.2018002863
Broker Associate License ID: BRKA.2018002863