Active

2167 W Schantz Avenue

Kettering, OH 45409

$1,595,000 $6,724/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

5,026

Sqft

108,900

Sqft(Lot)

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.

Property Details

Property Type : Residential Income

Price : $1,595,000

AD Id : 91693928

MLS Id : 969406

Beds : 28

Lot Size : 108,900 Sq. Ft

Living Area Size : 5,026 Sq. Ft

Year Built : 1968

County : Montgomery

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 28

Bathroom Information

Total Baths: 38 Full Baths: 14 Half Baths: 24
Interior Features

Appliances: Dishwasher, Disposal, Range, Refrigerator
Heating & Cooling

Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes Cooling: Central Air

Building Information

Year Built: 1968 Building Area Total: 5026 Construction Materials: Brick Private Pool: No

Lot Information

Lot Dimensions: 306.16, 209.03,494.42,374.32 Main Square Feet: 108900 Square Feet Lot Size Acres: 2.5 Lot Size Source: Assessor Lot Size Square Feet: 108900

Property Information

Subdivision: Carrm Onte Source Property Type: Residential Income Postal Code Plus 4: 2045 Zoning Description: Residential Property SubType: Multi Family Property Age: 58

Listing Price Information

Listing Price: $1595000

Tax Information

Parcel Number: N64-00302-0008, 0009, 0010, 0112 Tax Legal Desc: 7 CARRMONTE

Parking Information

Carport, Parking Lot, On Street

Utility Information

Natural Gas Available, Sewer Available, Water Available
Location Information

WaterSource: Public

Sell a home like this and save $95,201 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.