Listed By
Agency Name: Styer Real Estate Professional
Agency Phone: (614) 505-2850
Shown By
Agent Name: Jerri Furniss
Agent Phone: Cell: (614) 937-4427
Agency Title: Cutler Real Estate
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Property Description
Strong value-add opportunity with newer mechanical systems already in place, giving investors a solid foundation and a quick path to repositioning. This 4-unit building in Vandalia is fully occupied with flexible tenants, allowing a buyer to transition units to vacancy quickly and begin updates right away. With the major systems already functioning well, investors can focus their capital on cosmetic improvements and immediately move rents toward current market levels of approximately $1,050 per unit.The property has been consistently rented, offering dependable baseline performance while providing clear upside through renovation and lease-up. Whether you plan to modernize the units, stabilize at market rent, or reposition for a stronger cap rate, this asset delivers a fast turnaround and long-term income growth.Please do not disturb tenants. All access coordinated through the listing agent.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central
Days on Market: 12
Heating: Natural Gas
Lot Size: 0.38 Acres
Taxes: $5,106
Year Built: 1972
Feature Descriptions
Basement Features: Slab
Exterior: Brick
Garage Features: Detached
Lot Dimensions: 123 x 112
Local Schools
School District: Vandalia-Butler
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Estimated Payment
$ 2,482.88 per month $1,946.55 Principal & Interest $425.50 Property Tax $110.83 Homeowner's InsuranceChange Payment Information
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1006 Stoney Springs Road | MLS# 967864
This multi-family property located at 1006 Stoney Springs Road, Vandalia, OH 45377 is currently listed for sale with an asking price of $380,000. Stoney Springs Road is located within the Vandalia-Butler school district. Search Vandalia real estate on www.jerrifurniss.com today.