$275,000
SOLD APR 24, 2025

6 Unit Real Estate Package Lima, OH 45805

Eastside Lima Neighborhood
12 Beds
6 Baths
-- Sq Ft
-- Built

Recently Sold

77% Below List Price

161 Days on Market

Highlights

  • 2-Story Property
  • Covered Patio or Porch
  • Baseboard Heating
  • No HOA
  • Forced Air Heating System

About This Home

As of April 2025

Check out this fantastic 6-unit real estate investment opportunity. These Superior properties have 4 rented out and 2 vacant properties currently. 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. 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!

Last Agent to Sell the Property

Shaun Richardson

EXP Realty-Dublin License #2016001186 Listed on: 10/04/2024

EXP Realty-Dublin

Co-Listed By

Eric Schomber

EXP Realty-Dublin License #2020007677

EXP Realty-Dublin

Last Buyer's Agent

Eric Schomber

EXP Realty-Dublin License #2020007677

EXP Realty-Dublin

Property Details

Home Type

  • Multi-Family

Parking

  • 7 Car Garage

Home Design

  • 2-Story Property
  • Block Foundation
  • Asphalt Roof
  • Stucco

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating

Additional Features

  • Crawl Space
  • Covered Patio or Porch

Community Details

  • No Home Owners Association
  • 15 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for water
  • Assessor Parcel Number Various

Property Details

Home Type

Multi-Family

Parking

7

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Co List Office Mls Id: wca.o658009351
  • Directions: All showing will require a letter of intent or an accepted offer. Tenants rights apply.
  • Architectural Style: 2 Story, Ranch
  • Unit Levels: One, Two
  • Location Property Info:Zoning2: Multi-Family
  • General Property Info:FEMA Flood Zone YN: No
  • General Property Info:Private Pool YN: No
  • Tax Info:Parcel _pound_: Various
  • Architectural Style:Ranch: Yes
  • Sewer:Public Sewer: Yes
  • Levels:One: Yes
  • Water Source:Public: Yes
  • Foundation:Block2: Yes
  • General Property Info:Enhanced Accessible: No
  • General Property Info:_pound_ Of Units Total: 15
  • Levels:Two2: Yes
  • Utilities:Water Connected: Yes
  • Utilities:Electricity Connected: Yes
  • Unit 1 Info:Furnished YN: No
  • Location Property Info:Lease Term3: 12 Months
  • Roof:Asphalt3: Yes
  • Owner Pays:Water2: Yes
  • Foundation:Crawl Space2: Yes
  • Architectural Style 2 Story: Yes
  • Special Features: None

Interior Features

  • Owner Pays: Water
  • Full Bathrooms: 6
  • Total Bedrooms: 12

Exterior Features

  • Construction Type: Stucco
  • Foundation Details: Block
  • Patio And Porch Features: Covered, Porch
  • Roof: Asphalt
  • Patio Porch Features:Covered: Yes
  • Patio Porch Features:Porch: Yes
  • Construction Materials:Stucco: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 7.0
  • Parking Features: Varies by Unit
  • General Property Info:Garage Spaces: 7.0
  • Parking Features:Varies by Unit2: Yes

Utilities

  • Cooling: See Remarks
  • Heating: Forced Air, Baseboard, Natural Gas, Other
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Water Connected
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Other10: Yes
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Location Property Info:AssociationYN: No

Schools

  • Junior High Dist: Lima

Lot Info

  • Parcel #: Various
  • Zoning Description: Multi-Family

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Number Of Units Total: 15
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2025 04/24/25 Sold $275,000 -8.1% --
03/14/2025 03/14/25 Pending -- -- --
03/14/2025 03/14/25 Price Changed $299,200 -66.0% --
03/06/2025 03/06/25 Price Changed $880,000 -11.6% --
11/27/2024 11/27/24 Price Changed $995,000 -17.1% --
10/04/2024 10/04/24 For Sale $1,200,000 -- --
Source: West Central Association of REALTORS® (OH)

Agents Affiliated with this Home

  • Shaun Richardson

    Seller's Agent in 2025

    Shaun Richardson

    EXP Realty-Dublin

    (419) 302-9343

    1 in this area

    209 Total Sales

    Shaun Richardson
    Section Image
  • Eric Schomber

    Seller Co-Listing Agent in 2025

    Eric Schomber

    EXP Realty-Dublin

    (866) 212-4991

    9 in this area

    243 Total Sales

    Eric Schomber
    Section Image
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Map

Source: West Central Association of REALTORS® (OH)

MLS Number: 305338

Ohio Allen County Lima 45801 Eastside Lima

6 Unit Real Estate Package, Lima, OH

Sold

MultiFamily

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