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$ 1,150,000
Est. payment | /mo
8,712 Sqft Lot
$ 1,150,000
Est. payment | /mo
8,712 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226021700
Year Built 1920
Annual Tax Amount $6,300
Lot Size 8,712 Sqft
Lot Dimensions 0.2
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
Property Description
1 East High Street represents offers investors a compelling value-add opportunity in a mixed-use configuration on that blends residential income with complementary commercial frontage. Comprising of 26 units in the heart of London, Ohio, the property presents a clear and actionable path to value creation through a combination of organic rent growth on in-place units and the strategic lease-up of currently vacant units. Unlike speculative repositioning plays, the upside here is both tangible and near-term, rooted in achievable operational improvements rather than market-dependent appreciation, allowing investors to capture meaningful NOI expansion within the early years of the 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. 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 ac
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. 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 ac
Location
State OH
County Madison
Area 0.2
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 31-02458.000
Listed by Brett A Ludwig Verti Commercial Real Estate L
Nearby Locations
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