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Listed price in listed location currency (USD).
$235,000

440

MLS® 966686

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 1872 sqft
Garage No
Taxes 
Days Active 0
Lot Size 0.14350000023841858 Acres
Approx. Age 1965
Avg. Price Per Sqft $125
MLS® Number 966686

Property Address: 623-625 W Funderburg Road, Fairborn, OH, 45324

Average square foot calculated using Size range provided by listing agent.

Description

Investment opportunity at 623–625 W. Funderburg Road in Fairborn! Offered at $235, 000, this side-by-side duplex provides approximately 1, 872 total square feet, with two bedrooms and 1.5 baths in each unit. Each two-story residence offers a living room, eat-in kitchen, first-floor half bath, two upstairs bedrooms, a full bathroom, and in-unit laundry hookups. The property currently generates $1, 800 per month—$900 per side—with tenants responsible for all utilities. Recent capital improvements include a roof replacement in 2019, updated flooring in 2020, and ductless mini-split air-conditioning systems installed in 2026. Additional features include baseboard heating and rear off-street parking. Conveniently located approximately 1.5 miles from Wright State University, with quick access to Wright-Patterson Air Force Base, I-675, State Route 444, Downtown Fairborn, The Mall at Fairfield Commons, shopping, restaurants, parks, and other major employment and education centers. At the $235, 000 asking price, current rents produce approximately $21, 600 in annual gross income and a 9.2% gross yield. Rents could easily reach $1, 000 or more per unit, which would increase annual gross income to at least $24, 000 and the gross yield to approximately 10.2%. Tenant-paid utilities, recent improvements, and potential rent growth make this a compelling opportunity for investors seeking a well-located Fairborn multifamily property. Property information, measurements, future rental potential are subject to buyer verification.
MLS® Number966686
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1435
Exterior
GarageNo
Approx. Age1965
Basement
DrivewayNo Garage
Garage Spaces
HeatBaseboard
A/COther

Extras

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