8
See all 8 photos
$650,000
Est. payment /mo
8,712 Sqft Lot
Active
67 E High Street London, OH 43140
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Key Details
Property Type Multi-Family
Sub Type Midrise
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226022130
Year Built 1900
Annual Tax Amount $6,279
Lot Size 8,712 Sqft
Lot Dimensions 0.2
Property Sub-Type Midrise
Source Columbus and Central Ohio Regional MLS
Property Description
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.
Location
State OH
County Madison
Area 0.2
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Schools
High Schools London Csd 4903 Mad Co.
School District London Csd 4903 Mad Co.
Others
Tax ID 31-00958.000
Listed by Brett A Ludwig Verti Commercial Real Estate L
NEARBY SCHOOL & BUSINESS
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