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,...read more