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Southside Lima Multifamily Home for Sale

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    $650,000

    • 15 Beds
    • 8 Baths

    500 Nova St, Lima, OH 45804

    Here's an opportunity to scale you real estate portfolio with a fully renovated multi-familyproperty. 2ea 4 unit properties that have been completely updated from the studs to themechanicals. All the 2BR 1 Bath townhouse apartments come with appliances, washer/dryers and AC's in the units. This property is turn-key and ready to cashflow on day one. Room for rent growth and appreciation

    Dave Mayer Hartsock Realty

    500 Nova St, Lima, OH 45804

Why Live in Southside Lima

Southside Lima is a neighborhood characterized by its mix of early 20th-century homes and mid-century properties, many of which are ripe for renovation. The area features ranch-style, Foursquare, and bungalow homes, with some recently updated to include new carpets and roofs. Residential streets are lined with abundant foliage, sidewalks, and expansive front lawns. The neighborhood is bordered by Cook Park to the north, offering a tree-shaded bike path and playground, and Foundry Park to the south, which includes pathways around a small lake, basketball courts, a baseball diamond, and another playground. Additionally, parks along the Ottawa River with sports facilities and biking trails are just a 5-minute drive away. While dining options are limited, Mama Dot’s Soul Food Kitchen is a community staple, and residents have access to a Dollar General and a Save a Lot supermarket within a short drive. The Southside is connected to downtown Lima via St Johns Avenue, a 5-minute trip, and is served by the Allen County Regional Transit Authority’s buses. The nearest hospital, St. Rita’s Medical Center, is a 9-minute drive away. Schools in the area have average ratings, with Lima Senior High School offering a variety of audition-only music programs.

Home Trends in Southside Lima, OH

Housing Trends

Median Sale Price
$60,000
Median Single Family Sale Price
$61,750
Average Price Per Sq Ft
$64
Number of Homes for Sale
7
Last 12 months Home Sales
9
Months of Supply
9.30
Median List Price
$67,500
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
30%
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