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1241 Devon Avenue

Kettering OH 45419

24
14
9408 sq. ft.
27007 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Exceptional 13-unit multi-family investment opportunity consisting of a well-maintained 12-unit brick apartment building and a separate detached single-family home, offering strong cash flow and versatility in a proven rental market. The property features 11 spacious 2-bedroom units and 2 large 1-bedroom units, with the majority of units having been tastefully updated in recent years with modern kitchens, updated bathrooms, fresh paint, and contemporary flooring. Each individual unit is separately metered with its own water heater and forced-air furnace, allowing for tenant-paid utilities and simplified maintenance and accounting. The roof on the main building is less than 3 years old, providing long-term protection and significantly reducing near-term capital expenditure requirements. The inclusion of the detached single-family home adds flexibility for owner-occupancy, manager’s residence, or additional rental income. This turnkey portfolio combines solid construction, recent improvements, low deferred maintenance, and excellent income potential through remaining cosmetic enhancements or market rent growth. Rent roll, and P & L available upon request. Properties of this caliber with individual mechanical systems and a newer roof do not last long—schedule your private showing today!

Features

24 bedrooms
14 bathrooms
9408 sq. ft. floor area
27007 sq. ft. lot size
Multi-Family

Property history for 1241 Devon Avenue

2023
Sold
$995,000
25 Apr 2023 by Douglas Broomhall, of West Fork Realty Group LLC

Happy sellers in Kettering

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Local market activity for 24 bedroom multi families in Kettering

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Sales:
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