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$ 405,000
Est. payment | /mo
3,049 Sqft Lot
$ 405,000
Est. payment | /mo
3,049 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226021697
Year Built 1920
Annual Tax Amount $3,512
Lot Size 3,049 Sqft
Lot Dimensions 0.07
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
Property Description
Prime location, mixed use commercial and residential property in London Ohio. Part of a larger Central Ohio Investment Portfolio available for purchase, as a stand alone.
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 under three operating entities Ohio State Property Investors, USA Investment Group, and The Woodlands LLC.
Please see the attached file that breaks down the offering in tranches.
A few important parameters:
1. Highlighted tranches must be purchased as a package. The seller's preference is for these packages to also include some of the unhighlighted assets.
2. Unhighlighted assets may be purchased individually at the pricing shown in the attached summary.
3. Buyers are responsible for sourcing their own debt quotes and determining the best execution if separating assets from the portfolio.
Whether you're pursuing the full portfolio, a tranche, or select individual assets, the underlying story holds: below-replacement-cost basis at $67,669/unit and direct Columbus MSA spillover demand across Madison and Fayette Counties.
This tranche structure opens the door for buyers who wanted exposure at a smaller check size -- and we expect it to accelerate activity on the portfolio. If you've been evaluating this deal, now is the time to move. We will promptly present all offers received.
***Note: Individual Pricing Available. Can be broken up. Details found in Tranche Pricing document attached.***
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 under three operating entities Ohio State Property Investors, USA Investment Group, and The Woodlands LLC.
Please see the attached file that breaks down the offering in tranches.
A few important parameters:
1. Highlighted tranches must be purchased as a package. The seller's preference is for these packages to also include some of the unhighlighted assets.
2. Unhighlighted assets may be purchased individually at the pricing shown in the attached summary.
3. Buyers are responsible for sourcing their own debt quotes and determining the best execution if separating assets from the portfolio.
Whether you're pursuing the full portfolio, a tranche, or select individual assets, the underlying story holds: below-replacement-cost basis at $67,669/unit and direct Columbus MSA spillover demand across Madison and Fayette Counties.
This tranche structure opens the door for buyers who wanted exposure at a smaller check size -- and we expect it to accelerate activity on the portfolio. If you've been evaluating this deal, now is the time to move. We will promptly present all offers received.
***Note: Individual Pricing Available. Can be broken up. Details found in Tranche Pricing document attached.***
Location
State OH
County Madison
Area 0.07
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 31-01085.000
Listed by Brett A Ludwig Verti Commercial Real Estate L
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