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33521295
33521318

3217 WILMINGTON PIKE, KETTERING, OH 45429

AS
OH SAL.2017001472
Marcus & Millichap - Cincinnati
JD
OH SAL.2014001272, KY 247078
Marcus & Millichap - Cincinnati
Listed by Marcus & Millichap - Cincinnati
Unpriced
15 days on market
Updated 15 days ago

Flats at Wilmington Pike

Details
APN N64-03405-0007
Property Type Multifamily
Square Footage 11,664
Units 24
Year Built 1977
Stories 3
Lot Size (SqFt) 43,255

About This Property

Marketing description

Multifamily • 24 Units • 04/30/2019

Investment highlights

The Flats at Wilmington Pike offers investors a stabilized, cash-flow opportunity in Kettering, OH, the top-ranked submarket among 21 in the Dayton metro for both rent and rent growth (6.8% year-over-year), with zero new units under construction. The 24-unit, all-studio community is 100% occupied, providing a buyer with banked, de-risked in-place income from day one. Meaningful upside remains in-place rents of $704 sit 18% below the $830 pro forma, achievable through local management efforts lifting stabilized NOI to $120,674; a 29% increase over the trailing figures. Demand is anchored by Wright-Patterson AFB (~38,000 employees) and Kettering Health (~12,000) within a trade area carrying a median household income near $72,000, and a school district that ranks in the top 20th percentile of Ohio districts. The deal can be summarized as a low-execution-risk, yielding investment with a defined path to increased income.

Listing Contacts

AS
OH SAL.2017001472
Marcus & Millichap - Cincinnati
JD
OH SAL.2014001272, KY 247078
Marcus & Millichap - Cincinnati
Listed by Marcus & Millichap - Cincinnati

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Zoning

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R-3 ResidentialMulti FamilyCommunity Residence
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Austin Sum
License
SAL.2017001472
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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