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$211,000 🏠 5-Unit Multifamily – Strong Cash Flow – Wapakoneta OH
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Fully occupied 5-unit building producing consistent income.
Each tenant pays their own utilities. Simple, steady, and proven.
Cap Rate (T12): 13.1 % Cap Rate (Pro Forma): 14.5 %
NOI: $32,100 (actual) $35,629 (pro forma)
Unit Mix: 3 × 2 BR / 1 BA | 1 × 1 BR / 1 BA | 1 × Studio
Occupancy: 100 % Utilities: Tenant paid
Sq Ft: 4,366 Lot: 13,051 sf
Highlights:
• Fully occupied & cash-flowing from day one
• Low owner expenses (taxes ≈ $1,180 | insurance ≈ $800)
• Market rents: 1 BR ≈ $600 | 2 BR ≈ $848
• Below-market price per door ($49 K vs $65-75 K comps)
• Located near the Auglaize corridor in a stable Ohio market