Lima OH Multi Family for Sale
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Courtesy: EXP-Dublin
ADDITIONAL INFORMATION
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!
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 6
- Year built:
- 1916
- Baths:
- 4.00
- MLS#:
- 304404
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Courtesy: Dye Real Estate & Land Company
419-516-4106
ADDITIONAL INFORMATION
4 unit building with two upstairs units, two downstairs units. Upstairs units have all new flooring, updated kitchen and baths and the front upstairs unit has new furnace. Most windows have been replaced. 3 of the 4 units have a washer/dryer hook-ups. Off-street parking. City utilities.
Open House:
Sunday, 11/17 1:00-3:00PM
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 6
- Year built:
- 1903
- Baths:
- 2.00
- MLS#:
- 305208
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Courtesy: CCR Realtors
419-222-0555
ADDITIONAL INFORMATION
Welcome to this very nicely updated duplex. The downstairs unit has a great layout with 2 bedrooms, living room, kitchen and bath. Currently rented on a month to month lease. Upstairs unit is 4 bedrooms with 1 of the bedrooms on the 3rd floor. Nice open concept and very nicely updated. Utilities are separate per unit each has its own furnace and hot water heater paid by the tenants. Except water is paid by owner. Off street parking at the rear of the unit and plenty of parking.
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Courtesy: Doyle Realtors
419-991-4663
ADDITIONAL INFORMATION
Fully rented duplex in a desirable location. Large rooms with potential 3rd bedroom in unit 2, brand new tub in unit 2. Long term tenants! Add this duplex to your portfolio today and get instant cash flow!
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Courtesy: Doyle Realtors
419-991-4663
ADDITIONAL INFORMATION
This fully rented triplex is conveniently located near hospitals, schools, restaurants and much more! New roof, gutters, and addition added at the end of 2023. New stove and tub in unit 2 2024. Add this low maintenance triplex to your portfolio and have instant cash flow!
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Courtesy: Doyle Realtors
419-991-4663
ADDITIONAL INFORMATION
Fully rented quad in a desirable location conveniently located by hospitals, schools, restaurants and much more! New roof and additional concrete driveway added 2023/2024. This low maintenance quad is perfect to add to your rental portfolio!
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Courtesy: Doyle Realtors
419-991-4663
ADDITIONAL INFORMATION
Fully rented duplex with convenient location by hospitals, schools, restaurants and much more! Completely remodeled in 2023/2024 to include new wiring, plumbing, HVAC systems, roof, and siding. All new appliances, windows and much more! Low maintenance rental with instant cash flow available!
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Courtesy: CCR Realtors
419-222-0555
ADDITIONAL INFORMATION
Fantastic opportunity to own this updated triplex, perfect for living in one unit while using the others as an investment. The main level features a 3-bedroom unit, beautifully updated and move-in ready. Additionally, there is a 2-bedroom unit currently rented on a month-to-month basis and a 1-bedroom unit that is also move-in ready. The property includes a 5-car detached garage, providing ample parking and storage. Enjoy the front screened-in porch, adding charm and extra living space. Whether you're looking for a place to call home or a solid investment, this triplex offers great potential! Call your favorite agent today for a private showing.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 5
- Year built:
- 1911
- Baths:
- 3.00
- MLS#:
- 304586
- Subdivision:
- Lakewood Subdivision
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Courtesy: Superior Plus Realtors
419-222-3040
ADDITIONAL INFORMATION
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!
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 3
- Year built:
- 1920
- Baths:
- 2.00
- MLS#:
- 303829
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Courtesy: Berkshire Hathaway Professional Realty
419-331-7653
ADDITIONAL INFORMATION
Duplex located steps from St. Rita's. 1038 currently vacant. 2 bedroom, 1 bathroom with basement 966 sq.ft. 1036 occupied 1 bedroom, 1 bathroom, second floor unit rents for $525.00, 630 sq.ft. Sold as-is. Access to Jameson Avenue also. Seller pays water, sewer and trash both units for $106.00 per month.
Copyright 2024 West Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Lima Real Estate
The median home value in Lima, OH is $176,050. This is higher than the county median home value of $149,700. The national median home value is $338,100. The average price of homes sold in Lima, OH is $176,050. Approximately 39.95% of Lima homes are owned, compared to 47.5% rented, while 12.55% are vacant. Lima real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lima real estate agent to arrange a tour today!
Lima, Ohio has a population of 36,352. Lima is less family-centric than the surrounding county with 20.41% of the households containing married families with children. The county average for households married with children is 26.72%.
The median household income in Lima, Ohio is $37,668. The median household income for the surrounding county is $55,114 compared to the national median of $69,021. The median age of people living in Lima is 34.3 years.
Lima Weather
The average high temperature in July is 83.8 degrees, with an average low temperature in January of 18.7 degrees. The average rainfall is approximately 37.5 inches per year, with 20.4 inches of snow per year.