1 E High St, London, OH, 43140

About This Home

Price Reduced: 133-unit multifamily portfolio, London & Washington Court House, OH. 34 properties, 94% occupied, $60,150/ Unit, $622 avg rent, $2.07M CapEx (2018-2022). 37% rent upside. Portfolio can be divided and purchased in tranches and select assets available for indivisible purchase. Existing debt available on select assets. The portfolio was acquired and renovated between 2018 and 2022. 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 $60,150 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.