2275 N Cable Road, Lima, OH 45807
New Listing
$3,500,000
Property Type:
Residential
Bedrooms:
2
Baths:
1
Square Footage:
816
Status:
Active
Current Price:
$3,500,000
List Date:
10/13/2025
Last Modified:
10/13/2025
Description
Outstanding investment opportunity! This 43-unit condo complex offers a rare chance to own an established income-producing property in a highly desirable Lima location near restaurants, shopping, and major highways.
The property features a mix of two-bedroom, one-bath and one-bedroom, one-bath condos—each with a functional layout, individual entrances, and well-maintained interiors. The units are consistently occupied and generate strong, reliable rental income, making this an ideal turnkey addition to any investor's portfolio.
Situated on a well-kept property with ample parking, this development combines long-term stability with future upside potential. Opportunities like this—where the heavy lifting is already done—don't come around often!
More Information MLS# 308529
Location Property Info
Current Price: $3,500,000
Property Sub Type: Condominium
List Price: $3,500,000
Status: Active
List Date: 2025-10-13
Street #: 2275
Street Direction Prefix: N
Street Name: Cable
Street Suffix: Road
County: Allen
State: OH
Postal Code: 45807
OfficeContract Info
Original List Price: 3500000
General Property Info
Living Area SqFt: 816
Basement Y/N: No
Exceptions: n/a
FEMA Flood Zone Y/N: No
Bedrooms Total: 2
Bathrooms Full: 1
Bathrooms Total: 1
Rooms Total: 4
Year Built: 1970
Tax Info
Parcel #: see attached addendum
Status Change Info
Status Change Date: 2025-10-13
Property Features
Architectural Style: Other
Association Fee Includes: Common Area; Maintenance Grounds; Snow Removal; Trash
Cooling: Central Air
Foundation: Slab
Heating: Forced Air
Listing Terms: Cash; Conventional
Parking Features: Other
Possession: Close Of Escrow
Sewer: Public Sewer
Water Source: Public
Listing Office: Binkley Real Estate- Wapakoneta
Last Updated: October - 13 - 2025
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