• 106, 108 & 112 Wayne Ave, & 228-230 E 1st St, London, OH 43140

For Sale

Multi-Family

For Sale

This property is available for sale
4,557
SF
$550,000
Sale Price
  • Year Built
    1957
  • Overview

    Multi family property includes 106, 108, 110 & 112 Wayne Avenue and 228/230 E. First Street 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.

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Property Details

Multi family property includes 106, 108, 110 & 112 Wayne Avenue and 228/230 E. First Street 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 Type
    Multi-Family
  • Submarket
  • Year Built
    1957
  • Sale Price
    $550,000
  • Total Building Size
    4,557RSF
  • Cap Rate
    8.0%
  • Will build to suit
    No
  • Sewer
    No
  • Corner lot
    No
  • Last updated
    Jul 01, 2020
  • Property ID
    2087582

Landlord's Sales Representative

  • Troy Fabish
    Keller Williams Consultants Realty