$290,000

540 Bright Ave

Vandalia OH, 45377

Description

540 Bright Avenue is a well maintained 4-Plex located in a residential neighborhood in Vandalia Ohio being offered at $290,000, a 7.1 Cap Rate based on current performance. The four 960 square foot townhomes each have 2 bedrooms, 1.5 bathrooms, utility/laundry room, separate front entries, patio with privacy fence, and off-street parking. Two of the four townhomes are renovated with luxury vinyl plank flooring throughout the first floor, fresh carpeting throughout the second floor, new kitchen appliances, fresh earth-tone paint with accent walls, updated bathrooms and new HVAC systems. The two legacy units have long term tenants with rents below market allowing for future rent increases and an even greater rate of return.

Details

MLS#824808
Listing TypeFor Sale
Sub-TypeResale
StatusPending - Show
Year1970
Days On Site24

Features

SQ Feet3,840
Building(s)1
Loading Form
Loading Form
Area Information
StateOH
CountyMontgomery
CityVandalia
Zip Code45377
AreaMontgomery
Listing VS Median (in 45377)
Price:
$290,000
low | high
Med:
$182,400
87.103448275862% of Average
SqFt:
3,840
low | high
Med:
1,510
100% of Average
$ / SqFt:
$76
low | high
Med:
$121
10.728974429703% of Average
On Site:
24
low | high
Med:
21.5
100% of Average
Listing Updated: 09/25/2020
Darcie Keith LogoMLS Number: 824808
Listing Provided By:
Darcie Keith  of  Mi Casa Group Realty