1535-1537 Lakewood Avenue, Lima, OH 45805
$275,000
Property Type:
Residential Income
Bedrooms:
5
Baths:
3
Status:
Closed
Current Price:
$275,000
List Date:
1/24/2025
Last Modified:
3/12/2025
Description
This charming two-family home in a prime location offers the perfect opportunity to live comfortably and invest smartly. Leverage conventional financing to occupy one unit while renting the other, creating income or a financial safety net. Both units are flexible for short and long-term rentals.
The meticulously maintained property features a low-maintenance concrete exterior, a spacious concrete front porch, and a secure concrete garage with an additional covered porch area. Mature trees and a backyard backing onto Faurot Park provide tranquility and privacy, with easy access to park amenities.
Upper Unit (1535 Lakewood): An inviting landing area leads into an expansive living room. Relax or entertain on your private screened and covered deck. The modern kitchen with essential appliances flows into three spacious bedrooms. Two full baths offer convenience for everyone.
Lower Unit (1537 Lakewood): This unit boasts an inviting living room, perfect for entertaining, and a formal dining room with an elegant bow window. The functional kitchen is equipped with all the necessities. Two well-sized bedrooms and a full bath complete this comfortable living space.
Both units feature refinished hardwood floors and replacement windows, ensuring comfort and energy efficiency. Don't miss this chance to own prime real estate!
More Information MLS# 304586
Location Property Info
Current Price: $275,000
Original List Price: 295000
Property Sub Type: Multi Family
Sold Price: $275,000
Status: Closed
List Date: 2024-07-19
Street #: 1535-1537
Street Name: Lakewood
Street Suffix: Avenue
County: Allen
State: OH
Postal Code: 45805
Subdivision Name: Lakewood Subdivision
General Property Info
Legal Description: LAKEWOOD SUBDIVISION LOTS 253 & 1/2 VAC ST & 254-9 FT E SIDE JOINT TEN FF 119.00 TAX ABATEMENT 2021-2030 #1039
FEMA Flood Zone Y/N: No
Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Total: 3
Rooms Total: 6
# Of Units Total: 2
Garage Spaces: 2
Year Built: 1911
Tax Info
Parcel #: 36-3512-01-005.000
Tax Annual Amount: 2021
Tax Other Annual Assessment Amount: 68.7
Status Change Info
Status Change Date: 2025-03-12
Pending Date: 2025-01-24
Concession Comments: .
Close Date: 2025-03-11
Sold Price: $275,000
Unit 1 Info
Efficiency Y/N: No
# of Bedrooms: 2
# of Full Baths: 1
SqFt: 1496
# of Total Rooms: 6
Unit 2 Info
Efficiency Y/N: No
# of Bedrooms: 3
# of Full Baths: 2
SqFt: 2064
Property Features
Unit 1 Features: Dishwasher; Oven; Porch; Refrigerator
Unit 2 Features: Balcony; Dishwasher; Extra Storage Space; Oven; Porch; Range; Refrigerator
Architectural Style: 2 Story
Construction Materials: Brick; Concrete
Cooling: Central Air
Foundation: Other
Heating: Forced Air
Levels: Three Or More
Listing Terms: Cash; Conventional; FHA; VA Loan
Parking Features: Detached; Garage
Possession: Negotiable
Roof: Asphalt
Sewer: Public Sewer
Special Listing Conditions: Fair Market
Utilities: Electricity Connected; Water Connected
Water Source: Public
Listing Office: Superior Plus Realtors
Last Updated: March - 12 - 2025
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