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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.
Listed By
Agency Name: Styer Real Estate Professional
Agency Phone: (614) 505-2850
Shown By
Agent Name: Jon Glista
Agent Phone: (937) 620-8913
Agency Title: Irongate Inc., Realtors
Jon Glista
Call: (937) 620-8913
Text: (937) 620-8913
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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 jonglista.irongaterealtors.com today.