Multi-Family•Low-Rise/Garden•For Sale

106 108 112 Wayne Avenue 228-230 E. First Street, London OH

108 Wayne Avenue, London, Ohio 43140

Sale Price $550,000
Bldg Type Multi-Tenant
Year Built 1957
Year Renovated 2018
Stories 1
Cap Rate 8.22%
Vacancy 100%
Gross Bldg 4,557 SqFt
Project Size 6
Improvements Fantastic Multi Family Investment Opportunity on a Beautiful Wooded Lot with 4 Single Freestanding Homes and 1 Duplex. 100% Tenant Occupied. Addresses are 106, 108, 112 Wayne Avenue and 228/230 E. First Street. 14 Total Bedrooms , 6.5 Total Bathrooms. $4,250 Monthly Income/$51,000 Annual Income. $8775 Expenses. 7% cap. 3.69 Acres. Water, Sewer & Gas Lines and Taps are in place for 3 additional units, with additional room to build more units. Own your own multi family compound in beautiful London. Can be sold with 205 E. First Avenue, Parcel ID 31-02091.000 982 SF Single Freestanding Home with 982 SF, 2 Bedroom, 1.5 Bathroom Home. This home provides $9300 a year in income. Combining 205 E. First Street with the Multi family compound produce $60,300 in income, for a cap rate of 7.5%. Can be sold with 205 E. First Avenue, Parcel ID 31-02091.000 982 SF SIngle Freestanding Home with 982 SF, 2 Bedroom, 1.5 Bathroom Home. Curbside Offers Only.
Net Op Inc $45,190
Market London
MLS# 219011973
Fantastic Multi Family Investment Opportunity on a Beautiful Wooded Lot with 4 Single Freestanding Homes and 1 Duplex. 100% Tenant Occupied. Addresses are 106, 108, 110, 112 Wayne Avenue and 228/230 E. First Street. 14 Total Bedrooms , 6.5 Total Bathrooms. $4,400 Monthly Income/$52,800 Annual Income. $7,610 Expenses. 8.2% cap. 3.69 Acres. Water, Sewer & Gas Lines and Taps are in place for 3 additional units, with additional room to build more units. Own your own multi family compound in beautiful London. Can be sold with 205 E. First Avenue, Parcel ID 31-02091.000 982 SF Single Freestanding Home with 982 SF, 2 Bedroom, 1.5 Bathroom Home. This home provides $9300 a year in income. Combining 205 E. First Street with the Multi family compound produce $62,100 in income, for a cap rate of 9%. Can be sold with 205 E. First Avenue, Parcel ID 31-02091.000 982 SF SIngle Freestanding Home with 982 SF, 2 Bedroom, 1.5 Bathroom Home. Curbside Offers Only. Multi family property includes 106, 108 & 112 Wayne Avenue and 228/230 E. First Street
  • Beautiful 6 Family Multi Family Property in London Ohio
  • Long Term Tenants
  • $52,800 Gross Income, $7,610 Total Expenses, $45,190 NOI, Cap Rate 8.2%
  • Can Be Combined with 205 E. First Street for $75,000 more, $62,100 Gross Income Cap Rate of 9%
5/15/2019 6:54:55 PM 7/31/2019 4:35:40 PM
Troy Fabish
Managing Director, Commercial Real Estate Services
Keller Williams Consultants Realty

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