625 Mill St For Sale & Lease

Stabilized 36-Unit Multifamily Asset in New Lexington, Ohio – Fully leased property with consistent historical occupancy, generating reliable in-place cash flow.
Core/Core-Plus Investment Profile – Low operational risk supported by stabilized performance, offering durable income with upside potential through market rent growth.
Favorable Market Dynamics – Limited rental housing inventory and strong demand for affordable housing underpin long-term tenant stability and rent support.
Recent Capital Improvements – Well-maintained physical condition with recent upgrades that enhance asset durability and reduce near-term capital expenditure requirements.
Strategic Southeastern Ohio Location – Positioned within commuting distance to both Lancaster and the Columbus MSA, expanding the property’s renter pool and employment access.
Attractive Relative Yield – Offers a compelling cap rate and income return compared to similar assets in larger Ohio metros, providing value-driven investment upside.

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