321 West Water Street- New Lexington, OH

DIRECT SALE FROM ORIGINAL DEVELOPER- Rare opportunity to acquire a 33-unit multifamily asset in New Lexington, Ohio, directly from the original owner/developer, ensuring a well-documented operating history and consistent management.
VALUE-ADD UPSIDE- In-place rents are substantially below market, offering investors the ability to drive NOI growth through targeted interior upgrades and rent optimization strategies.
RECENT CAPITAL IMPROVEMENTS- Roof Replacement: Entire roof system replaced within the past two years. Parking Lot Resurfacing: Full lot repaving completed during the most recent summer season.
STRONG PHYSICAL CONDITION- Minimal deferred maintenance presents a low operational risk profile and allows investors to concentrate on income enhancement rather than capital-intensive renovations.
DESIRABLE UNIT MIX AND LAYOUT- Efficient floorplans align with local demand trends, supporting tenant retention and leasing velocity.
SUPPLY-CONSTRAINED SUBMARKET- Located in a growing area with limited multifamily inventory, the asset benefits from strong tenant demand, low vacancy, and consistent rent performance.

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