1 E High Street, London, OH 43140
Local realty services provided by:ERA Real Solutions Realty
1 E High Street,London, OH 43140
$9,000,000
- - 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:$9,000,000
About this home
133-unit residential rental portfolio assembled across 34 individual residential and mixed use properties in London, Ohio (Madison County) and Washington Court House, Ohio (Fayette County). The portfolio was acquired and renovated between 2018 and 2022 and is offered as a single bulk acquisition. 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
$67,669 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....
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Home facts
- Year built:1920
- Listing ID #:226017750
- Added:45 day(s) ago
- Updated:July 03, 2026 at 03:31 PM
Structure and exterior
- Year built:1920
- Lot area:0.2 Acres
Finances and disclosures
- Price:$9,000,000
- Tax amount:$6,300
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