600 Plainfield Road, West Lafayette, OH 43845

West Lafayette
Local realty services provided by:ERA Martin & Associates
600 Plainfield Road,West Lafayette, OH 43845
$2,700,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: joey allen miller, zeke liston
Office: forge real estate advisors614-665-5793
MLS#:226033800
Source:OH_CBR

Price summary

  • Price:$2,700,000

About this home

Rare LIHTC-to-market-rate value-add opportunity in West Lafayette, OH (Coshocton County). Lafayette Mills Apartments is a 40-unit garden-style community built in 2000, comprising 28 two-bedroom/one-bath and 12 three-bedroom/one-bath units across 5 walk-up buildings with 93 on-site surface parking spaces. The property is 100% occupied and has been well-maintained under active compliance monitoring, with no material deferred maintenance identified. In-place rents average $758/unit against a $980/unit market rate -- roughly 29% upside as the property's LIHTC and HOME rent restrictions phase out. The extended-use LIHTC compliance period is scheduled to expire 12/31/2028, with HOME-assisted units restricted through 12/31/2029 (buyers should independently verify both dates with OHFA and the recorded Land Use Restriction Agreement). Offered at $2,700,000 ($67,500/unit, $41.03/SF), with a 9.81% cap rate once converted to market rents. Turnkey operations -- lease-up is complete, and the...

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Home facts

  • Year built:2000
  • Listing ID #:226033800
  • Added:52 day(s) ago
  • Updated:October 27, 2026 at 05:01 PM

Heating and cooling

  • Heating:Hot Water
  • Central air:Yes

Structure and exterior

  • Year built:2000
  • Lot area:6.3 Acres

Finances and disclosures

  • Price:$2,700,000
  • Tax amount:$29,972

Parking

  • Total parking spaces:93
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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