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1006 Stoney Springs Road, Vandalia, OH 45377$380,000

Sq. Feet: 4,287 Days on Site: 8 MLS#: 967864 View Map

Comments for 1006 Stoney Springs Road, Vandalia, OH 45377

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 Type: Multi Unit - Multiple Heating: Natural Gas
Basement Features: Slab Lot Dimensions: 123 x 112
Cooling: Central Lot Size: 0.38 Acres
Days on Site: 8 Taxes: $5,106
Exterior: Brick Year Built: 1972
Garage Features: Detached  
School District: Vandalia-Butler

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

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Montgomery County Demographic Information for 1006 Stoney Springs Road, Vandalia, OH 45377

Fips
Fips Code39113
Population
2020 to 2025 Changeup 0.4%
2010 Count535,153
2020 Count537,309
2025 Estimate (V2025)539,598
2020 Estimate (V2025)537,306
Age Distribution (Years Old)
0 to 45.7%
5 to 1721.9%
18 to 6453.2%
65 and Older19.2%
Gender
Male48.4%
Female51.6%
Place of Birth
Foreign5.3%
US94.7%
Education
High School Graduate, Age 25+92.6%
Bachelor's Degree or Higher, Age 25+31.3%
Computer and Internet use
Households with a computer94.6%
Households with a broadband Internet subscription90.6%
Language
English is Second Language, Age 5+7.3%
English is First Language, Age 5+92.7%
Veterans
Veterans34,904
Income
Per Capita Income$38,450
Median Household Income$66,139
People in Poverty14.4%
Commute
Average Work Commute Time22 minutes
Housing
Total Housing Units252,781
Households231,319
Average Household Size2.24
Owner-Occupied62.5%
Multi-Family24.3%
Owner-Occupied Median Value$180,900
Median selected monthly owner costs -with a mortgage$1,438
Median selected monthly owner costs -without a mortgage$604
Median gross rent$1,026
Building Permits
New Private Housing Issued 2024933
Years at Residence
1 Year or More85.9%
Less Than 1 Year14.1%
Business and Employment
Private non-farm Establishments10,930
Private non-farm Employment234,881
Private non-farm Employment Growthup 0.9%
Nonemployer Establishments37,294
Number of Firms7,720
Business Production
Value of Shipments$9,405,685,000
Wholesale Trade$8,384,635,000
Retail Trade$8,441,166,000
Retail Sales Per Capita$12,147
Accommodation and Food Services$1,176,468,000
Land
Land Area461.55 sq. miles
Population Per Square Mile1,160
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Jon Glista
Call: (937) 620-8913
Text: (937) 620-8913

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Mortgage Payment Calculation for 1006 Stoney Springs Road, Vandalia, OH 45377

  • %
  • years/fixed
  • yearly
  • yearly (estimated)
  • Est. Payment: $2,877.77 / per month

(Payments are an estimate and may vary by lender)

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