Sale Information

Asking Price: $600,000

Building Size: 4,557 SQ FT

Cost per Square Foot: $131.67

Cap Rate: 7.19%

NOI: $43,125.00

Property Overview

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.

Built: 1957

Occupancy: 100%

Property Details

Key Points: 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%

Broker Information

Keller Williams Commercial
Troy Fabish

troyfabish@kwcommercial.com

www.kwcommercial.com

More From Keller Williams Commercial