201-211 W Grand Avenue, Lima, OH 45801
$345,000
Property Type:
Residential Income
Bedrooms:
12
Baths:
6
Status:
Closed
Current Price:
$345,000
List Date:
7/14/2025
Last Modified:
9/24/2025
Description
Great investment opportunity for this 6 - Unit apartment complex on Lima's north end. These town home apartments are identical floor
plans at 1,020 SF and 2 beds / 1 bath each. Private carport and parking on the west end of the property. Located less than 1/2 mile from
Lima's revitalized downtown. 3 apartments recently renovated. Gross cash flow of $4,025/mo with tremendous rent upside.
More Information MLS# 307647
Location & Property Info
Zoning: Residential
School District: Lima
AssociationY/N: No
General Property Info
Exceptions: 0
Legal Description: In File
FEMA Flood Zone Y/N: No
Bathrooms Total: 6
Basement Y/N: Yes
Below Grade Finished Area: 0
Bedrooms Total: 12
Bathrooms Half: 0
Rooms Total: 0
# Of Units Total: 6
Garage Spaces: 0
Bathrooms Full: 6
Tax Info
Parcel #: 37-3010-08-001.00
Remarks & Misc
Public Remarks: Great investment opportunity for this 6 - Unit apartment complex on Lima's north end. These town home apartments are identical floor
plans at 1,020 SF and 2 beds / 1 bath each. Private carport and parking on the west end of the property. Located less than 1/2 mile from
Lima's revitalized downtown. 3 apartments recently renovated. Gross cash flow of $4,025/mo with tremendous rent upside.
Status Change Info
Concession Comments: None
Status Change Date: 2025-09-24
Pending Date: 2025-08-12
Close Date: 2025-09-16
Sold Price: $345,000
Unit 1 Info
# of Bedrooms: 2
# of Full Baths: 1
SqFt: 1050
Monthly Income: 875
Construction Materials
Brick: 1
Architectural Style
See Remarks: 1
Unit 2 Info
# of Bedrooms: 2
# of Full Baths: 1
SqFt: 1020
Monthly Income: 500
Cooling
Other: 1
Listing Terms
Cash: 1
Conventional: 1
Unit 3 Info
# of Bedrooms: 2
# of Full Baths: 1
SqFt: 1020
Monthly Income: 500
Basement
Concrete: 1
Unit 4 Info
# of Bedrooms: 2
# of Full Baths: 1
SqFt: 1020
Monthly Income: 575
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Unit 5 Info
# of Bedrooms: 2
# of Full Baths: 1
SqFt: 1020
Monthly Income: 725
Heating
Forced Air: 1
Unit 6 Info
# of Bedrooms: 2
# of Full Baths: 1
SqFt: 1020
Monthly Income: 850
Foundation
Other: 1
Sewer
Public Sewer: 1
Parking Features
Carport: 1
Water Source
Public: 1
Roof
Asphalt: 1
Location Property Info
Current Price: $345,000
Original List Price: 375000
Property Sub Type: Multi Family
Sold Price: $345,000
Status: Closed
List Date: 2025-07-14
Street #: 201-211
Street Direction Prefix: W
Street Name: Grand
Street Suffix: Avenue
County: Allen
State: OH
Postal Code: 45801
Property Features
Architectural Style: See Remarks
Basement: Concrete
Construction Materials: Brick
Cooling: Other
Foundation: Other
Heating: Forced Air
Listing Terms: Cash; Conventional
Parking Features: Carport
Possession: Close Of Escrow; Subject To Tenant Rights
Roof: Asphalt
Sewer: Public Sewer
Water Source: Public
Listing Office:
Dye Real Estate & Land Company
Last Updated: September - 24 - 2025
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