$550,000

Multi-Family For Sale

106,108,110,112 Wayne Avenue and 228/230 E. First Street London OH 43140

Courtesy of: Keller Williams Commercial

PROPERTY DETAILS

Property Type: Multi-Family
Building Size 4,557sqft
Sub Type: Low-Rise/Garden
Price/Sqft: $121
Year Built: 1957
Cap Rate: 8.22
Net Operating Income: 45190

DESCRIPTION

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. Madison County Will Allow Each Unit to Be Separately Parceled. Buyer Can Add An Additional 8 Units to the Property. Curbside Offers Only.

PROPERTY FEATURES
MLS #: 504561
For Sale
Status: Active
Year Built: 1957
Cap Rate: 8.22
Market: London
Net Operating Income: 45190

MAP
106,108,110,112 Wayne Avenue and 228/230 E. First Street London, OH 43140
106,108,110,112 Wayne Avenue and 228/230 E. First Street London OH 43140

Courtesy of: Keller Williams Commercial

Information deemed reliable but not guaranteed. Copyright © 2020 Keller Williams Realty

Updated: 27th October, 2020 5:52 PM (UTC).

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