4840 Springfield St.

Description:

Cash Flowing | Turnkey 8-Unit Multifamily Investment Opportunity | NOI $42,213


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: $72,000+ 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.


Contact
Pat Williams | Coldwell Banker Commercial | Heritage
937.360.9952 | patrick.williams@cbcommercial-heritage.com

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Listing ID: 4dbe8c7a-cafd-429f-a42a-86af6093825d