670 High St - Apartments FOR SALE


Waynesville, OH 45068
$550,137 USD
937-554-0922
670 High St, Waynesville, OH for Sale
$550,137 USD
Apartments - FOR SALE
1/7
null | 6.55% Cap Rate

670 High St
Waynesville, OH 45068


OVERVIEW

6.55% Current CAP | Approx. 8.80% Pro Forma CAP | Fully Occupied | Below-Market Rents Rare opportunity to acquire a fully occupied, all-brick four-unit apartment building in one of Southwest Ohio's strongest rental markets. Investment Highlights • Approx. 6.55% Current CAP • Estimated 8.80% Pro Forma CAP • Current Gross Income: $47,640 annually • Estimated Market Gross Income: Approximately $60,000 annually • Brand-New Roof (June 2026) • Tenants pay electric, gas, water, sewer and trash • Lawn care and snow removal currently handled by a tenant • Four spacious 2-bedroom / 1-bath apartments (approximately 750-800 SF each) • Solid all-brick construction • Historically strong occupancy • Rare multifamily opportunity in Waynesville Current rents remain below market, providing investors with a compelling value-add opportunity through future rental growth. The combination of stable in-place income, limited owner responsibilities, recent capital improvements, and significant rental upside makes this an exceptional investment opportunity for buyers seeking both immediate cash flow and long-term appreciation.

FOR SALE DETAILS

PRICE

$550,137 USD

PRICE/SF

$183 USD /SF

# OF UNITS

4

PRICE/UNIT

$137,534

CAP RATE

6.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

-

APN/PARCEL ID

09-06-127-009

ASK ABOUT THIS PROPERTY

Tushar MehtaBerkshire Hathaway Professional Realty CommercialMore Info
937-554-0922

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Tushar MehtaBerkshire Hathaway Professional Realty CommercialMore Info
937-554-0922

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.