Listed By
Agency Name: Verti Commercial Real Estate L
Agent Name: Brett A Ludwig
Agency Phone: 380-215-6046
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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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.
Property Features
Feature Descriptions
Local Schools
Demographics
Madison County Demographic Information for 67 E High Street, London, OH 43140Source: US Census Bureau
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Estimated Payment
$ 4,042.45 per month $3,329.62 Principal & Interest $523.25 Property Tax $189.58 Homeowner's Insurance
67 E High Street | MLS# 226022130
This multi-family property located at 67 E High Street, London, OH 43140 is currently listed for sale with an asking price of $650,000. E High Street is located within the LONDON CITY school district. Search London real estate on 536austindriveunitf.cutlerhomes.com today.