625 Mill St | New Lexington, OH 43764
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- LoopNet Team
625 Mill St
New Lexington, OH 43764
625 Mill St For Sale & Lease · Multifamily Property For Sale
·
36 Units
Investment Highlights
- Stabilized 36-Unit Multifamily Asset in New Lexington, Ohio – Fully leased property with consistent historical occupancy.
- Favorable Market Dynamics – Limited rental housing inventory and strong demand for affordable housing underpin long-term tenant stability.
- Strategic Southeastern Ohio Location – Positioned within commuting distance to both Lancaster and the Columbus MSA.
- Core/Core-Plus Investment Profile – Low operational risk supported by stabilized performance, offering durable income with upside potential.
- Recent Capital Improvements – Well-maintained physical condition with recent upgrades that enhance asset durability.
- Attractive Relative Yield – Offers a compelling cap rate and income return compared to similar assets in larger Ohio metros.
Property Facts
| No. Units | 36 | Lot Size | 1.86 AC |
| Property Type | Multifamily | Building Size | 24,110 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1973 |
| Building Class | C |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.86 AC |
| Building Size | 24,110 SF |
| No. Stories | 1 |
| Year Built | 1973 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | $710.00 | - |
Property Taxes
| Parcel Number | 270029880000 | Improvements Assessment | $478,970 |
| Land Assessment | $19,180 | Total Assessment | $498,150 |
Property Taxes
Parcel Number
270029880000
Land Assessment
$19,180
Improvements Assessment
$478,970
Total Assessment
$498,150
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