6 Unit Real Estate Package, Lima, OH 45805
$275,000
Property Type:
Residential Income
Bedrooms:
12
Baths:
6
Status:
Closed
Current Price:
$275,000
List Date:
10/04/2024
Last Modified:
4/24/2025
Description
Check out this fantastic 6-unit real estate investment opportunity. These Superior properties have 4 rented out and 2 vacant properties currently. Even with these vacancies, the property delivers a solid cap rate of 8%. By renting the vacant units and raising rents to market levels, the cap rate could climb. Whether you're just starting out as a landlord or expanding your portfolio, this is a tremendous opportunity. Reach out today to explore this promising investment!
More Information MLS# 305338
Location & Property Info
Zoning: Multi-Family
School District: Lima
AssociationY/N: No
General Property Info
Exceptions: 0
Legal Description: See list of addresses in documents
FEMA Flood Zone Y/N: No
Bathrooms Total: 6
Bedrooms Total: 12
Bathrooms Half: 0
Rooms Total: 0
# Of Units Total: 15
Enhanced Accessible: No
Garage Spaces: 7
Private Pool Y/N: No
Bathrooms Full: 6
Tax Info
Parcel #: Various
Remarks & Misc
Directions: All showing will require a letter of intent or an accepted offer. Tenants rights apply.
Public Remarks: Check out this fantastic 6-unit real estate investment opportunity. These Superior properties have 4 rented out and 2 vacant properties currently. Even with these vacancies, the property delivers a solid cap rate of 8%. By renting the vacant units and raising rents to market levels, the cap rate could climb. Whether you're just starting out as a landlord or expanding your portfolio, this is a tremendous opportunity. Reach out today to explore this promising investment!
Status Change Info
Concession Comments: Closing cost $5,000 & repairs $30,000
Status Change Date: 2025-04-24
Pending Date: 2025-03-12
Close Date: 2025-04-24
Sold Price: $275,000
Unit 1 Info
# of Bedrooms: 2
# of Full Baths: 1
SqFt: 896
Monthly Income: 0
Furnished Y/N: No
Construction Materials
Stucco: 1
Architectural Style
2 Story: 1
Ranch: 1
Unit 2 Info
# of Bedrooms: 2
# of Full Baths: 1
SqFt: 896
Monthly Income: 575
Cooling
See Remarks: 1
Listing Terms
Cash: 1
Conventional: 1
Unit 3 Info
# of Bedrooms: 2
# of Full Baths: 1
SqFt: 896
Monthly Income: 575
Unit 4 Info
# of Bedrooms: 2
# of Full Baths: 1
SqFt: 896
Monthly Income: 650
Possession
Subject To Tenant Rights: 1
See Remarks: 1
Unit 5 Info
# of Bedrooms: 2
# of Full Baths: 1
SqFt: 896
Monthly Income: 550
Heating
Baseboard: 1
Forced Air: 1
Natural Gas: 1
Other: 1
Unit 6 Info
# of Bedrooms: 2
# of Full Baths: 1
SqFt: 896
Monthly Income: 650
Foundation
Block: 1
Crawl Space: 1
Sewer
Public Sewer: 1
Owner Pays
Water: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Special Listing Conditions
Fair Market: 1
Parking Features
Varies by Unit: 1
Levels
One: 1
Two: 1
Utilities
Electricity Connected: 1
Water Connected: 1
Water Source
Public: 1
Roof
Asphalt: 1
Patio & Porch Features
Covered: 1
Porch: 1
Records At Listing Office
Lease: 1
Location Property Info
Current Price: $275,000
Original List Price: 1200000
Property Sub Type: Multi Family
Sold Price: $275,000
Status: Closed
List Date: 2024-10-04
Street #: 6
Street Name: Unit Real Estate Package
County: Allen
State: OH
Postal Code: 45805
Property Features
Architectural Style: 2 Story; Ranch
Construction Materials: Stucco
Cooling: See Remarks
Foundation: Block; Crawl Space
Heating: Baseboard; Forced Air; Natural Gas; Other
Levels: One; Two
Listing Terms: Cash; Conventional
Owner Pays: Water
Parking Features: Varies by Unit
Possession: Subject To Tenant Rights; See Remarks
Records At Listing Office: Lease
Roof: Asphalt
Sewer: Public Sewer
Special Listing Conditions: Fair Market
Tenant Pays: Cable TV; Electricity
Utilities: Electricity Connected; Water Connected
Water Source: Public
Listing Office:
EXP Realty-Dublin
Last Updated: April - 24 - 2025
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