Bought with M. Larry Lemonds
$375,000
$399,900
6.2%For more information regarding the value of a property, please contact us for a free consultation.
1554 Willamet Road Dayton, OH 45429
4 Beds
4 Baths
2,432 SqFt
Key Details
Sold Price $375,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,432 sqft
Price per Sqft $154
Subdivision Tudor Park
MLS Listing ID 1044651
Sold Date 10/21/26
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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