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1006 Stoney Springs Road Vandalia, OH 45377
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Key Details
Sold Price $385,000
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,287 sqft
Price per Sqft $89
MLS Listing ID 967864
Sold Date 10/15/26
Bedrooms 8
Full Baths 4
Year Built 1972
Annual Tax Amount $5,106
Lot Size 0.380 Acres
Lot Dimensions 123 x 112
Property Sub-Type 2-4 Units
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.
Location
State OH
County Montgomery
Zoning Multiple
Rooms
Basement Slab
Interior
Heating Natural Gas
Cooling Central
Exterior
Parking Features Detached
Building
Structure Type Brick
Schools
School District Vandalia-Butler
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Bought with Test Office
NEARBY SCHOOLS & BUSINESSES
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