Listed by Berkshire Hathaway HomeServices Professional Realty Mason
$550,000
670 High St
Details
APN 0906127009
Property Type Multifamily
Sub Type Apartment Building, Low-Rise/Garden
Square Footage 3,000
Units 4
Beds 2
Cap Rate 6.55%
NOI $36,019
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.80%
Pro-Forma NOI $48,348
Class C
Year Built 1966
Buildings 1
Stories 2
Acreage 0.140
Investment Type Value Add
Multifamily | 6.55% CAP | 4 Units
Marketing 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.
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
Listing Contacts
Listed by Berkshire Hathaway HomeServices Professional Realty Mason
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,019.00
$3,001.58/mo
Valuation Metrics
0
DSCR
6.55%
Cap Rate
6.55%
ROI
Map
Zoning
AR-1 ResidentialMulti FamilyMultifamily Residential District
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 6 uses
View all 6 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Is there information that looks off?
