670 High St
- • 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
Property Description
670 N High Apartments presents a rare opportunity to acquire a fully occupied four-unit apartment building in the highly desirable Village of Waynesville, Ohio. The property combines immediate cash flow with significant upside through below market rents. Current annual gross income of approximately $47,640 offers stable in place returns, while market rent potential provides investors the opportunity to substantially increase income and overall asset value. With durable all-brick construction, a newly installed roof, tenant-paid utilities, and minimal owner responsibilities, this property represents an ideal long-term investment requiring very little day-to-day management.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $550,000 |
| No. of Units: | 4 |
| Average Occupancy: | 6.55 |
| Year Built: | 1966 |
| Lot Size: | 0.14 Acres |
| Opportunity Zone: | No |
| Price per unit: | $137,500 |
| Property Website | Click Here |
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