1006 Stoney Springs Road, Vandalia, OH 45377

$380,000
8
BD
4
BA
4,287
SqFt

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List Price
$380,000
MLS#
967864
Status
PENDING
City
Vandalia
Bedrooms
8
Full Bathrooms
4
Year Built
1972
Living Area
4,287
Subdivision
Randler Park

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.

Additional Information

Acres
0.38
Lot Size
16,553
Living Area
4,287
Garage Desc
Detached, Garage
Cooling
Central Air
Heating
Natural Gas
School District
Vandalia-Butler
Zoning
Multiple

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Calculator source: Real Geeks

Courtesy of Antwan Williams and Styer Real Estate Professional

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