21
See all 21 photos
$1,400,000
Est. payment /mo
1.1 Acres Lot
New
251-253 W High Street London, OH 43140
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226021797
Year Built 1970
Annual Tax Amount $7,536
Lot Size 1.100 Acres
Lot Dimensions 1.1
Property Sub-Type Townhouse
Source Columbus and Central Ohio Regional MLS
Property Description
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 acquired and renovated between 2018 and 2022. Please see the attached file that breaks down the offering in tranches.
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 acquired and renovated between 2018 and 2022. Please see the attached file that breaks down the offering in tranches.
Location
State OH
County Madison
Area 1.1
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Schools
High Schools London Csd 4903 Mad Co.
School District London Csd 4903 Mad Co.
Others
Tax ID 31-02592.000
Listed by Brett A Ludwig Verti Commercial Real Estate L
NEARBY SCHOOLS & PROPERTIES
QUICK SEARCH