1 E High Street, London, OH 43140
Local realty services provided by:ERA Real Solutions Realty
1 E High Street,London, OH 43140
$7,373,333
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: brett a ludwig
Office: verti commercial real estate l380-215-6046
MLS#:226017750
Source:OH_CBR
Price summary
- Price:$7,373,333
About this home
Price Reduced: 118-unit multifamily portfolio, London & Washington Court House, OH. 31 properties, 94% occupied, $62,486/ Unit, $633 avg rent, $2.07M CapEx (2018-2022). 37% rent upside. Portfolio can be divided and purchased in tranches and select assets available for indivisible purchase. Existing debt available on select assets.
The portfolio was acquired and renovated between 2018 and 2022. The portfolio presents a rare opportunity to acquire institutional-scale income at a meaningful basis discount, with a seasoned ownership track record, demonstrated CapEx execution of $2.07M deployed, and substantial embedded upside through rental rate increases and operational optimization. The current mark to market opportunity of approximately 37% ($215 per unit, per month) represents the single largest near-term value creation lever.
Concentrated in two contiguous secondary markets directly benefiting from Columbus
MSA spillover demand, the portfolio offers a buyer a below-replacement-cost basis of $62,486 per unit, workforce housing cash flow stability, and a clear path to value creation
through systematic lease-up and completion of the in-process renovation program....
Contact an agent
Home facts
- Year built:1920
- Listing ID #:226017750
- Added:139 day(s) ago
- Updated:October 06, 2026 at 03:11 PM
Structure and exterior
- Year built:1920
- Lot area:0.2 Acres
Finances and disclosures
- Price:$7,373,333
- Tax amount:$6,300
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