15 Unit Real Estate Package, Lima

$995,000

30 Beds
16 Baths
0 Acre
7 Garages

Check out this fantastic 15-unit real estate investment opportunity, featuring a triplex, duplex, six-plex, and 4 single-family homes. Most units offer two bedrooms and one bath, with one house boasting three bedrooms, and one unit in the triplex offering one bedroom and one bath. The current monthly rent roll is $8,135, with two units currently vacant. 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 to nearly 12%. 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!

Essential Information
MLS® #305338
Price$995,000
Bedrooms30
Bathrooms16.00
Full Baths16
Acres0.00
TypeResidential Income
Sub-TypeMulti Family
Style2 Story, Ranch
StatusActive
Community Information
Address15 Unit Real Estate Package
CityLima
CountyAllen
StateOH
Zip Code45805
Amenities
ParkingVaries by Unit
# of Garages7
Utilities

Electricity Connected, Natural Gas Available, Water Connected

Interior
CoolingSee Remarks
StoriesOne, Two
Heating

Forced Air, Baseboard, Natural Gas, Other

Exterior
RoofAsphalt
FoundationBlock
Construction

Aluminum Siding, Stucco, Vinyl Siding

School Information
DistrictLima
Additional Information
Date ListedOctober 4th, 2024
Days on Market78
ZoningMulti-Family
Listing Details
AgentShaun Richardson
OfficeEXP-Dublin
Property History
Price Reduced from $1,200,000 to $995,000
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West Central Association of Realtors LogoCopyright © 2024, West Central Association of REALTORS®MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified.

The IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by the MLS and should be independently verified.

Listing information last updated on December 21st, 2024 at 9:45am EST.