1310-1312 Quailbend Circle, Kettering, OH 45429

Property Description

Excellent opportunity to acquire a quality brick ranch double at 1310-1320 Quailbend Cr., Kettering, OH 45429. Built in 1977 with approximately 3,304 total sq. ft., this property has enjoyed long-term tenancy and very little turnover. Both units feature 2 bedrooms, 2 full baths, formal living and dining rooms, family rooms with wood-burning fireplaces, primary bedrooms with private baths and walk-in closets, private patios and attached garages. 2-car garage unit: Currently $1,200/month; estimated market rent approximately $1,500/month. 1-car garage unit: Currently $1,150/month; estimated market rent approximately $1,300/month. CURRENT INCOME Current gross rent: $2,350/month Current annual gross rent: $28,200 ESTIMATED MARKET RENT Potential gross rent: $2,800/month Potential annual gross rent: $33,600 This represents approximately $5,400 per year in potential additional gross rental income based upon estimated market rents. ANNUAL OPERATING EXPENSES Real Estate Taxes: $5,954 Insurance: $2,316 Management: $2,900 Repairs: $4,205 Exterior/Landscaping Service: $3,600 Materials: $200 Total Reported Operating Expenses: $19,175 The $3,600 exterior/landscaping expense provides year-round property maintenance and includes snow plowing and salting, spring clean-up, new mulch and bed clean-up, trimming, and fall clean-up. Tenants pay their own water and trash.