Active

1 E High Street

London, OH 43140

$9,000,000 $37,944/Mo

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Overview

Bed

Bath

0.20

Acre(Lot)

Description

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 directl y 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

Property Type : Residential Income

Price : $9,000,000

AD Id : 78953267

MLS Id : 226017750

Lot Size : 0.20 Acre

Year Built : 1920

County : Madison

Map

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Features

Building Information

Year Built: 1920 Private Pool: No

Lot Information

Main Square Feet: 0.2 Lot Size Acres: 0.2 Lot Size Square Feet: 8712

Listing Price Information

Listing Price: $9000000

Tax Information

Parcel Number: 31-02458.000 Tax Year: 2025 Annual Tax: $6300

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
207 Maddoxx Drive, London, OH, 43140	$453,990	4	3	3,103	3,103 SqFt
233 Maddoxx Drive, London, OH, 43140	$358,990	5	3	2,176	2,176 SqFt
201 Maddoxx Drive, London, OH, 43140	$332,990	3	2	1,228	1,228 SqFt
209 Maddoxx Drive, London, OH, 43140	$421,990	4	3	2,933	2,933 SqFt
231 Maddoxx Drive, London, OH, 43140	$429,990	4	3	2,720	2,720 SqFt
7900 Big Plain Circlevi.., London, OH, 43140	$799,900	5	3	2,595	2,595 SqFt
3660 Sycamore Lane, London, OH, 43140	$349,900	4	2	2,190	2,190 SqFt
1879 Simpson Road, London, OH, 43140	$490,000	3	2	2,768	2,768 SqFt
6881 Van Wagener Road, London, OH, 43140	$649,900	3	2	3,000	3,000 SqFt
380 Us Highway 42, London, OH, 43140	$1,200,000	6	2	4,034	4,034 SqFt

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ByOwner last updated this listing 06/07/2026 @ 15:31

MLS: 226017750 LISTED BY: Brett Ludwig, Verti Commercial Real Estate L 380-215-6046 SOURCE: Columbus and Central Ohio Regional MLS