600 Plainfield Road, West Lafayette, OH 43845

West Lafayette
Local realty services provided by:ERA Real Solutions Realty
600 Plainfield Road,West Lafayette, OH 43845
$2,700,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: daryl 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:1 day(s) ago
  • Updated:September 05, 2026 at 02:49 AM

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 Real Solutions Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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