Estimated payment $29,013/month
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $39,000
Year Built
- Built in 1970
HOA Fees
- $7,280 Monthly HOA Fees
Parking
- No Garage
Home Design
- 700 Sq Ft Home
- Slab Foundation
- Wood Siding
Bedrooms and Bathrooms
- 47 Bedrooms
- 30 Full Bathrooms
Utilities
- Forced Air Heating and Cooling System
Community Details
- Association fees include ground maintenance, snow removal, maintenance structure
- 43 Units
Listing and Financial Details
- Assessor Parcel Number 36220102012205
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $917 | $20,450 | $3,190 | $17,260 |
| 2023 | $718 | $14,110 | $2,210 | $11,900 |
| 2022 | $732 | $14,110 | $2,210 | $11,900 |
| 2021 | $733 | $14,110 | $2,210 | $11,900 |
| 2020 | $598 | $10,720 | $2,210 | $8,510 |
| 2019 | $598 | $10,720 | $2,210 | $8,510 |
| 2018 | $588 | $10,720 | $2,210 | $8,510 |
| 2017 | $583 | $10,720 | $2,210 | $8,510 |
| 2016 | $579 | $10,720 | $2,210 | $8,510 |
| 2015 | $582 | $10,720 | $2,210 | $8,510 |
| 2014 | $616 | $11,070 | $2,000 | $9,070 |
| 2013 | $560 | $11,070 | $2,000 | $9,070 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/13/2025 10/13/25 | For Sale | $3,500,000 | -- | $5,000 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,076,000 | None Available | |
| Warranty Deed | $25,000 | None Available | |
| Warranty Deed | $29,300 | None Available | |
| Warranty Deed | $38,300 | Attorney | |
| Deed | $34,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,575,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $63,975 | Credit Line Revolving |
Source: Western Regional Information Systems & Technology (WRIST)
MLS Number: 1041954
APN: 36-22-01-02-012.205
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
- 2275 N Cable Rd Unit 43 Unit Package
- 2275 N Cable Rd Unit 25
- 2275 N Cable Rd Unit 93
- 2275 N Cable Rd Unit 137
- 2275 N Cable Rd Unit 178
- 2275 N Cable Rd Unit 193
- 2225 N Cable Rd
- 2755 N Cable Rd
- 1848 Edgewood Dr
- 1919 Jared Place
- 14 Deer Run
- 224 Buckingham Dr
- 8 Bridle Trail
- 174 Bridle Trail
- 2268 N Glenwood Ave
- 00 Homeward Ave
- 2129 Reinell Ave
- 1744 Homeward Ave
- 2511 Debbie Dr
- 1730 Homeward Ave
- 2275 N Cable Rd Unit 194
- 2275 N Cable Rd Unit 8
- 106 Hartford Ct Unit 106 Hartford Court
- 152 Pierre Place Unit 152
- 2260 Lake Circle Dr
- 1220 Hazel Ave
- 2650 W Market St
- 304 N Woodlawn Ave Unit 304 north woodlawn ave
- 1411 W High St
- 510 Cortlandt Ave
- 446 W Grand Ave
- 527 Haller St
- 232 S Rosedale Ave
- 901 W Market St
- 123 Eagles Point W Unit 123
- 766 W Wayne St
- 209 W Grand Ave
- 1741 Lucille Dr
- 2923 Lilly Dr
- 2970 Dutch Hollow Rd Unit 2970