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Listed by M. Larry Lemonds RE/MAX Victory + Affiliates

$399,900

Est. payment - /mo

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4 Beds

4 Baths

2,432 SqFt

Active Under Contract

1554 Willamet Road Dayton, OH 45429

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Kate Wilson

katewilsonhomes@gmail.com +1(937) 207-7737

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Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,432 sqft

Price per Sqft $164

Subdivision Tudor Park

MLS Listing ID 1044651

Style Ranch

Bedrooms 4

Full Baths 4

Year Built 1964

Tax Year 2025

Lot Size 0.280 Acres

Lot Dimensions 0.28

Source Western Regional Information Systems & Technology (WRIST)

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

Community Tudor Park

Area 0.28

Zoning Multiple

Direction Going south on Wilmington Pike turn left onto Willamet Road to 1554-1556-1558-1560. Property will be on the left.

Rooms

Basement None

Interior

Interior Features Ceiling Fan(s)

Heating Forced Air, Natural Gas

Cooling Wall Unit(s)

Appliance Microwave, Range, Refrigerator

Heat Source Forced Air, Natural Gas

Exterior

Exterior Feature Brick

Parking Features Carport

Utilities Available Natural Gas Connected

Building

Lot Description Residential Lot

Story One

Foundation Slab

Sewer Public Sewer

Water Supplied Water

Architectural Style Ranch

Level or Stories One

Schools

High Schools 5705 Kettering Csd

School District 5705 Kettering Csd

Others

Tax ID N64028110020

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

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Kate Wilson

Founder & CEO | BRKABRKP.2015001368

+1(937) 207-7737

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