For Sale
$1,200,000

1373-1375 18 AveLancaster, OH 43211

Six-property investment, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a six-property portfolio located in Columbus and Lancaster, Ohio. The portfolio comprises a diverse mix of property types, including two single-family homes, one condominium, one mixed-use building, one duplex, and one quadplex. These properties are currently generating a substantial net operating income (NOI) of approximately $85,527, representing a compelling 7.2% capitalization rate. The total square footage across all six properties is 15,100, with an asking price of $1,200,000, resulting in a price per square foot of $79.47. The portfolio boasts a 93% occupancy rate, indicating strong tenant demand and consistent rental income. Due to existing tenant occupancy, showings are contingent upon an accepted purchase offer. While offers on individual properties will be considered, the seller strongly prefers to sell the entire portfolio as a single unit. This presents a rare opportunity to acquire a stabilized, income-producing portfolio in a desirable Ohio market. The properties are strategically located across multiple addresses in Columbus and Lancaster, offering a diversified investment strategy. This portfolio is ideal for investors seeking a high-yield, low-risk investment with significant potential for future appreciation. Detailed financial statements and property-specific information are available upon request.

Highlights

  • Six-property income-producing portfolio in Columbus and Lancaster, Ohio, available for sale.
  • Portfolio includes two single-family homes, one condo, one mixed-use property, one duplex, and one quadplex.
  • Offers a $85,500 NOI and a 7.2% capitalization rate.
  • Showings are contingent on an accepted purchase offer due to tenant occupancy.
  • Seller prefers to sell the entire portfolio, but individual property offers will be considered.
  • Asking price is $1,200,000, with a price per square foot of $79.47 and 93% occupancy.

Property Details for 1373-1375 18 Ave

Property type
Mixed-use properties
Square Feet
15,100 SF

Location Insight

City
Lancaster
County
Franklin
State
Ohio
Latitude
40.001097121618
Longitude
-82.970727302616
1373-1375 18 Ave, Lancaster, Ohio

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1373-1375 18 Ave
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