1 E High StreetLondon, OH 43140

1 E High StreetLondon, OH 43140

1/13 Fullscreen
$1,150,000 Active
Multi Unit - Multiple MLS 226021700

Listed By

Agency Name: Verti Commercial Real Estate L
Agent Name: Brett A Ludwig
Agency Phone: 380-215-6046

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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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

1 E High Street | MLS# 226021700

This multi-family property located at 1 E High Street, London, OH 43140 is currently listed for sale with an asking price of $1,150,000. E High Street is located within the LONDON CITY school district. Search London real estate on 536austindriveunitf.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Days on Market: 40
Lot Size: 0.20 Acres
Taxes: $6,300
Year Built: 1920

Feature Descriptions

Parcel #: 31-02458.000

Local Schools

School District: LONDON CITY

Demographics

Madison County Demographic Information for 1 E High Street, London, OH 43140
Fips
Fips Code 39097
Population
2020 to 2025 Change up 7.1%
2010 Count 43,435
2020 Count 43,824
2025 Estimate (V2025) 46,985
2020 Estimate (V2025) 43,843
Age Distribution (Years Old)
0 to 4 5.1%
5 to 17 20.8%
18 to 64 59.2%
65 and Older 14.9%
Gender
Male 55.1%
Female 44.9%
Place of Birth
Foreign 2.2%
US 97.8%
Education
High School Graduate, Age 25+ 89.6%
Bachelor's Degree or Higher, Age 25+ 24.2%
Computer and Internet use
Households with a computer 94.9%
Households with a broadband Internet subscription 90.7%
Language
English is Second Language, Age 5+ 5.7%
English is First Language, Age 5+ 94.3%
Veterans
Veterans 2,699
Income
Per Capita Income $38,124
Median Household Income $87,045
People in Poverty 8.8%
Commute
Average Work Commute Time 25 minutes
Housing
Total Housing Units 16,143
Households 15,686
Average Household Size 2.55
Owner-Occupied 77.5%
Multi-Family 13.2%
Owner-Occupied Median Value $250,100
Median selected monthly owner costs -with a mortgage $1,582
Median selected monthly owner costs -without a mortgage $618
Median gross rent $943
Building Permits
New Private Housing Issued 2024 519
Years at Residence
1 Year or More 86.9%
Less Than 1 Year 13.1%
Business and Employment
Private non-farm Establishments 723
Private non-farm Employment 18,238
Private non-farm Employment Growth up 6.6%
Nonemployer Establishments 3,212
Number of Firms 724
Business Production
Value of Shipments $1,328,540,000
Wholesale Trade $0
Retail Trade $1,745,971,000
Retail Sales Per Capita $0
Accommodation and Food Services $51,887,000
Land
Land Area 465.88 sq. miles
Population Per Square Mile 94

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 6,751.28 per month $5,890.86 Principal & Interest $525.00 Property Tax $335.42 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage