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$ 515,000
Est. payment | /mo
9 Beds
8 Baths
5,332 SqFt
$ 515,000
Est. payment | /mo
9 Beds
8 Baths
5,332 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,332 sqft
Price per Sqft $96
MLS Listing ID 944618
Bedrooms 9
Full Baths 8
Year Built 1971
Annual Tax Amount $6,012
Lot Size 0.900 Acres
Lot Dimensions .9 acre
Property Sub-Type 5+ Units
Property Description
INVESTMENT HIGHLIGHTS
* Turnkey Investment Opportunity
* Outstanding Rental Market (Workforce, University, Military)
* Recent Renovations
EXECUTIVE SUMMARY
Cash Flowing | Turnkey 8-Unit Multifamily Investment Opportunity
Property Overview
Built in 1971, this 5,332 SF multifamily building features 8 total units: seven 1-bedroom/1-bathroom and one 2-bedroom/1-bathroom. Seven of the eight units have been fully renovated with modern upgrades.
Interior & Exterior
7 Renovated Units: LVP flooring, cabinets, countertops, paint- All units include dishwashers- Coin laundry in common area closet- Brick exterior, slab foundation- Heating: Baseboard | Cooling: Window A/C units
Financial Snapshot
One-Bed Rents: $695 | Two-Bed Rent: $675 (Market Rent: $850)- Gross Rent Potential: $66,000+ annually (current rents 15-20% below market)- Rent Roll & 12-month trailing P&L available upon request- Upside potential in rents & final renovation
Location Advantages
Less than 1 mile from Wright-Patterson Air Force Museum & WPAFB- Easy access to I-675 & US-35- Strong tenant demand from military, students, and workforce housing
Investment Summary
4840 Springfield St. represents a stabilized, cash-flowing investment with modern renovations, a solid roof, and strong demand drivers. The property offers reliable income with opportunities for rent growth and long-term appreciation.
* Turnkey Investment Opportunity
* Outstanding Rental Market (Workforce, University, Military)
* Recent Renovations
EXECUTIVE SUMMARY
Cash Flowing | Turnkey 8-Unit Multifamily Investment Opportunity
Property Overview
Built in 1971, this 5,332 SF multifamily building features 8 total units: seven 1-bedroom/1-bathroom and one 2-bedroom/1-bathroom. Seven of the eight units have been fully renovated with modern upgrades.
Interior & Exterior
7 Renovated Units: LVP flooring, cabinets, countertops, paint- All units include dishwashers- Coin laundry in common area closet- Brick exterior, slab foundation- Heating: Baseboard | Cooling: Window A/C units
Financial Snapshot
One-Bed Rents: $695 | Two-Bed Rent: $675 (Market Rent: $850)- Gross Rent Potential: $66,000+ annually (current rents 15-20% below market)- Rent Roll & 12-month trailing P&L available upon request- Upside potential in rents & final renovation
Location Advantages
Less than 1 mile from Wright-Patterson Air Force Museum & WPAFB- Easy access to I-675 & US-35- Strong tenant demand from military, students, and workforce housing
Investment Summary
4840 Springfield St. represents a stabilized, cash-flowing investment with modern renovations, a solid roof, and strong demand drivers. The property offers reliable income with opportunities for rent growth and long-term appreciation.
Location
State OH
County Montgomery
Zoning Multiple
Rooms
Basement Slab
Interior
Heating Baseboard
Cooling Wall
Exterior
Parking Features None
Building
Structure Type Brick
Schools
School District Mad River
Listed by Coldwell Banker Heritage