1 E High St London, OH 43140
Estimated payment $48,523/month
About This Home
133-unit residential rental portfolio 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 and is offered as a single bulk acquisition. The portfolio presents a rare opportunity to acquire institutional-scale income at a meaningful basis discount, with a seasoned ownership track record, demonstrated CapEx execution of $2.07M deployed, and substantial embedded upside through rental rate increases and operational optimization. The current mark to market opportunity of approximately 37% ($215 per unit, per month) represents the single largest near-term value creation lever. Concentrated in two contiguous secondary markets directly benefiting from Columbus
MSA spillover demand, the portfolio offers a buyer a below-replacement-cost basis of
$67,669 per unit, workforce housing cash flow stability, and a clear path to value creation
through systematic lease-up and completion of the in-process renovation program.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,300
Year Built
- Built in 1920
Lot Details
- 8,712 Sq Ft Lot
Home Design
- Mixed Use
Listing and Financial Details
- Assessor Parcel Number 31-02458.000
Community Details
Overview
- 34 Buildings
- 133 Units
Building Details
- Operating Expense $534,347
- Gross Income $1,104,960
- Net Operating Income $570,613
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,030 | $73,770 | $19,060 | $54,710 |
| 2024 | $3,030 | $73,770 | $19,060 | $54,710 |
| 2023 | $3,125 | $73,770 | $19,060 | $54,710 |
| 2022 | $3,167 | $69,440 | $17,330 | $52,110 |
| 2021 | $3,318 | $69,440 | $17,330 | $52,110 |
| 2020 | $3,175 | $69,440 | $17,330 | $52,110 |
| 2019 | $3,122 | $66,830 | $14,380 | $52,450 |
| 2018 | $3,306 | $66,830 | $14,380 | $52,450 |
| 2017 | $3,296 | $66,830 | $14,380 | $52,450 |
| 2016 | $3,298 | $66,830 | $14,380 | $52,450 |
| 2015 | $3,199 | $66,830 | $14,380 | $52,450 |
| 2014 | $3,587 | $66,830 | $14,380 | $52,450 |
| 2013 | -- | $92,660 | $28,570 | $64,090 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/19/2026 05/19/26 | For Sale | $9,000,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Midland Title | |
| Warranty Deed | -- | Midland Title | |
| Warranty Deed | $355,000 | Midland Title | |
| Warranty Deed | -- | Attorney | |
| Survivorship Deed | -- | Midland Title West | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | $55,000 | -- | |
| Deed | $40,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $425,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $340,370 | Unknown |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 226017750
APN: 31-02458.000
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