$200,000
SOLD JAN 17, 2024

526 S Shawnee St Lima, OH 45804

10 Beds
8 Baths
1,511 Sq Ft
5,009 Sq Ft Lot

Recently Sold

$132 Per Sq Ft

8% Below List Price

124 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Hot Water Heating System
  • Cooling Available

About This Home

As of January 2024

Welcome to an exceptional investment opportunity! This investment property is located in a prime location within walking distance from Lima Memorial Hospital and other medical facilities helping to ensure high rental demand!
With the current rental rates, which have adjustment possibilities, and expenses, this property is cash flow positive from day one. Add that it's a possible 6 unit Income property (2 units under renovation) will allow you to increase your rental income even further.
526 S. Shawnee (Unit 1A/1B) is an up and down duplex that rents for $400 and $650/month. Some new paint and toilet. Rear Unit (Unit 1C) was a previous rental and has a new metal roof but is now used for storage. Potential to be 6th unit.
528 S. Shawnee (Unit 2A) is a home that rents for $850/month and has some new paint and flooring. Rear Unit (Unit 2B) is a converted garage that is under renovations with new paint, flooring, shower and most material to complete it. It previously rented for $475 before construction.
530 S. Shawnee (Unit 3) is a single family home that rents for $475.
Don't miss out on this incredible investment opportunity. Call now to schedule a private tour and secure your future financial success!

Last Agent to Sell the Property

Sondra Ambrister

Merritt Real Estate Professionals License #2017006104

Last Buyer's Agent

Sondra Ambrister

Merritt Real Estate Professionals License #2017006104

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,185

Year Built

  • 1920

Home Design

  • Split Level Home

Bedrooms and Bathrooms

  • 10 Bedrooms

Basement

  • Crawl Space

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Hot Water Heating System

Community Details

  • No Home Owners Association
  • 6 Units

Listing and Financial Details

  • Tenant pays for gas, water, cable TV, electricity
  • Assessor Parcel Number 37-3211-03-008.000 37-3211-03-007.000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,185

Year Built

1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Directions: South off of St. Rt 309 in Lima
  • Architectural Style: Other
  • Unit Levels: Multi/Split
  • Location Property Info:Zoning2: Residential
  • General Property Info:FEMA Flood Zone YN: No
  • General Property Info:Bathrooms Half: 2
  • Tax Info:Parcel _pound_: 37-3211-03-008.000 37-3211-03-007.000
  • Tax Info:Tax Annual Amount: 2185.0
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • General Property Info:Basement YN: No
  • General Property Info:_pound_ Of Units Total: 6
  • Levels:MultiSplit: Yes
  • Foundation:Crawl Space2: Yes
  • Special Features: None
  • Year Built: 1920

Interior Features

  • Basement YN: No
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 10

Garage/Parking

  • Attached Garage: No
  • Parking Features: Varies by Unit
  • Parking Features:Varies by Unit2: Yes

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Forced Air, Hot Water
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Location Property Info:AssociationYN: No

Schools

  • Junior High Dist: Lima

Lot Info

  • Parcel #: 37-3211-03-008.000 37-3211-03-007.000
  • Zoning Description: Residential

Rental Info

  • Tenant Pays: Gas, Water, Cable TV, Electricity

Multi Family

  • Number Of Units Total: 6
  • Insurance Expense: 2458.0

Tax Info

  • Tax Annual Amount: 2185.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2023
Closed on
Jan 17, 2024
Sold by
Visionary Inv Partners Llc
Bought by
Double Vision Property Group Llc
Seller's Agent
Sondra Ambrister
Merritt Real Estate Professionals
Buyer's Agent
Sondra Ambrister
Merritt Real Estate Professionals
List Price
$217,500
Sold Price
$200,000
Premium/Discount to List
-$17,500
-8.05%
Total Days on Market
124
Views
26
Current Estimated Value
$161,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,544
Avg. Annual Appreciation
-22.35%

Purchase Details

Listed on
Dec 22, 2020
Closed on
May 3, 2021
Sold by
Giffin William W and Giffin Judith Y
Bought by
Visionary Investment Partners Llc
Seller's Agent
Ryan Place
Merritt Real Estate Professionals
Buyer's Agent
Sondra Ambrister
Merritt Real Estate Professionals
List Price
$124,900
Sold Price
$97,000
Premium/Discount to List
-$27,900
-22.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.74%
Original Mortgage
$96,000
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 30, 1991
Bought by
Anderson Richard H

Map

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $200,000 None Listed On Document
Warranty Deed $97,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $96,000 Future Advance Clause Open End Mortgage
Previous Owner $136,700 Stand Alone Refi Refinance Of Original Loan
Previous Owner $144,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2024 01/17/24 Sold $200,000 -8.0% $132 / Sq Ft
12/27/2023 12/27/23 Pending -- -- --
12/04/2023 12/04/23 For Sale $217,500 0.0% $144 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
11/09/2023 11/09/23 Price Changed $217,500 -3.7% $144 / Sq Ft
09/25/2023 09/25/23 Price Changed $225,900 -4.2% $150 / Sq Ft
08/24/2023 08/24/23 For Sale $235,900 +143.2% $156 / Sq Ft
05/05/2021 05/05/21 Sold $97,000 -22.3% $64 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
12/22/2020 12/22/20 For Sale $124,900 -- $83 / Sq Ft
Source: West Central Association of REALTORS® (OH)

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 $1,298 $35,210 $2,590 $32,620
2023 $1,115 $24,300 $1,790 $22,510
2022 $1,044 $24,300 $1,790 $22,510
2021 $1,107 $24,300 $1,790 $22,510
2020 $1,092 $21,210 $840 $20,370
2019 $1,092 $21,210 $840 $20,370
2018 $1,080 $21,210 $840 $20,370
2017 $914 $17,470 $840 $16,630
2016 $926 $17,470 $840 $16,630
2015 $951 $17,470 $840 $16,630
2014 $951 $17,680 $880 $16,800
2013 $1,000 $19,190 $880 $18,310
Source: Public Records

Source: West Central Association of REALTORS® (OH)

MLS Number: 301928

APN: 37-32-11-03-008.000

Ohio Allen County Lima 45804

526 S Shawnee St, Lima, OH

Homes for Sale in Lima, OH

This home is located at 526 S Shawnee St, Lima, OH 45804 and is currently priced at $200,000, approximately $132 per square foot. This property was built in 1920. 526 S Shawnee St is a home located in Allen County with nearby schools including Freedom Elementary School, Lima North Middle School, and Lima West Middle School.

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