$650,000

Multi Family In London

  • 8,712 Sqft lot
  • Updated: June 17
  • Source:
    Columbus and Central Ohio Regional MLS  MLS#226022130

About the Property

Walnut Street Apartments is an 11-unit multifamily portfolio comprising two buildings on a single parcel in downtown London, Ohio, 5 N. Walnut Street (8 units) and 67 E. High Street (3 units). The asset is being offered at under $60,000 per door, with a clear path to a 9%+ yield-on-cost within 24 months through rent normalization, RUBS implementation, and the lease-up of one remaining vacant unit.
Walnut Street Apartments is an 11-unit multifamily portfolio comprising two buildings on a single parcel in downtown London, Ohio, 5 N. Walnut Street (8 units) and 67 E. High Street (3 units). The asset is being offered at under $60,000 per door, with a clear path to a 9%+ yield-on-cost within 24 months through rent normalization, RUBS implementation, and the lease-up of one remaining vacant unit. Both buildings received new roofs within the last three years. Seven of eight units at 5 N. Walnut have been renovated, along with Unit C at 67 E. High. New windows have been installed across multiple units. A new hot water tank, basement sump pump, and full Unit B remodel were completed in 2025 (~$16,800). Seller is willing to lease back the vacant 2BR/1BA Unit B at 67 E. High at $900/month for six months at closing, allowing the buyer to stabilize cash flow while turning and re-leasing the unit on their own meline.
  • Property type

    Other

  • Year built

    1900

Features

  • Basement
  • Renovated

Explore the Area

67 E High Street, Choctaw Lake, Ohio, United States View on Google Maps
Price per sqft
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View 18 more listings in Choctaw Lake

Verti Commercial Real Estate L - COLUMBUS

Joined 4 months ago
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Verti Commercial Real Estate L - COLUMBUS
Ohio, United States
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9
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2026
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Verti Commercial Real Estate L - COLUMBUS
COLUMBUS, Ohio, United States
View agency profile
Last updated
June 17
First listed
Jun 17
Listing reference
226022130
Listing status
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