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240 N Wayne Ave
Lockland, OH 45215
240 N Wayne - 4 Unit · Multifamily Property For Sale · 5 Units

INVESTMENT HIGHLIGHTS

  • 100% Occupied | 9.66% Cap Rate | 22.95% Cash on Cash Return (YR 1)
  • Tenants Pay Heat & Electric | Owner Pays Water, Sewer, and Trash
  • VALUE ADD OPPORTUNITY
  • Rents $150 Below Market Rate
  • Can be sold with 1055 Van Buren (4-Unit) $129,000

PROPERTY FACTS

No. Units 5
Property Type Multifamily
Lot Size 0.14 AC
Building Size 2,632 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1939/2009
Zoning 401 APARTMENT, 4-19 UNITS

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 4 $526.00 600
  • Listing ID: 22693358

  • Date on Market: 4/9/2021

  • Last Updated:

  • Address: 240 N Wayne Ave, Lockland, OH 45215

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