623-625 W Funderburg Road, Fairborn, OH 45324

Property 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.