251-253 W High Street, London, OH 43140

London
Local realty services provided by:ERA Martin & Associates
251-253 W High Street,London, OH 43140
$1,244,444
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: brett a ludwig
Office: verti commercial real estate l380-215-6046
MLS#:226021797
Source:OH_CBR

Price summary

  • Price:$1,244,444

About this home

This property is fully occupied, stabilized multifamily asset offering investors an attractive, in place cash flow profile from day one. The asset delivers durable income with limited lease-up or repositioning risk, an increasingly rare profile in today's capital markets environment. While near-term net operating income growth may be tempered by anticipated property tax reassessment upon transfer, this dynamic is more than offset by the certainty of cash flow, the strength of in-place tenancy, and the asset's defensible position within its submarket. Underwriting projects an approximate 18% levered internal rate of return and a 10% average cash-on-cash yield over the projected hold period. The property is part of a larger Central Ohio Investment Portfolio available for purchase. The full portfolio is 133 units assembled across 34 individual residential and mixed-use properties in London, Ohio (Madison County) and Washington Court House, Ohio (Fayette County). The portfolio was...

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Home facts

  • Year built:1970
  • Listing ID #:226021797
  • Added:54 day(s) ago
  • Updated:August 08, 2026 at 03:23 PM

Structure and exterior

  • Year built:1970
  • Lot area:1.1 Acres

Finances and disclosures

  • Price:$1,244,444
  • Tax amount:$7,536
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor ERA Martin & Associates shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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