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670 High St 4 Unit Apartment Building $783,247 CAD ($195,812 CAD/Unit) 6.55% Cap Rate Waynesville, OH 45068
Executive Summary
6.55% Current CAP | Approx. 8.80% Pro Forma CAP | Fully Occupied | Below-Market Rents
Rare opportunity to acquire a fully occupied, all-brick four-unit apartment building in one of Southwest Ohio's strongest rental markets.
Investment Highlights
• 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
Current rents remain below market, providing investors with a compelling value-add opportunity through future rental growth. The combination of stable in-place income, limited owner responsibilities, recent capital improvements, and significant rental upside makes this an exceptional investment opportunity for buyers seeking both immediate cash flow and long-term appreciation.
Rare opportunity to acquire a fully occupied, all-brick four-unit apartment building in one of Southwest Ohio's strongest rental markets.
Investment Highlights
• 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
Current rents remain below market, providing investors with a compelling value-add opportunity through future rental growth. The combination of stable in-place income, limited owner responsibilities, recent capital improvements, and significant rental upside makes this an exceptional investment opportunity for buyers seeking both immediate cash flow and long-term appreciation.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Balcony
- Ceiling Fans
1 1
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 09-06-127-009 | Total Assessment | $198,639 CAD |
| Land Assessment | $28,702 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $169,936 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
09-06-127-009
Land Assessment
$28,702 CAD
Improvements Assessment
$169,936 CAD
Total Assessment
$198,639 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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670 High St
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