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 $600,000
Bldg Type Multi-Tenant
Year Built 1957
Year Renovated 2018
Stories 1
Cap Rate 7.19%
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 $43,125
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. $4,250 Monthly Income/$51,900 Annual Income. $8775 Expenses. 7.1% 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 $61,200 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. 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
  • $51,900 Gross Income, $8775 Total Expenses, $43,125 NOI, Cap Rate 7.19%
  • Can Be Combined with 205 E. First Street for $75,000 more, $61,200 Gross Income Cap Rate of 7.6%

1 Attachments

1186281

5/15/2019 6:54:55 PM 5/21/2019 3:42:12 PM
Troy Fabish
Managing Director, Commercial Real Estate Services
Keller Williams Consultants Realty

LEAVE A MESSAGE

0/100
Human? type 732 below...
dummy toaster to trick _toastr script loaded by scripts.js Show Default