NOT LISTED FOR SALE

724 N Charles St Lima, OH 45805

Central Lima Neighborhood
8 Beds
4 Baths
4,032 Sq Ft
1927 Built

Last Sold April 01, 2024

Last sale price $215,000 $53 Per Sq Ft

66 Days on Market

Highlights

  • Private Pool
  • Covered patio or porch
  • Forced Air Heating System
  • No HOA

About This Home

As of April 2024

$$$SELLER IS OFFERING 3 POINTS BACK TO USE HOW YOU LIKE! BUY DOWN YOUR RATE OR USE TOWARDS DOWN PAYMENT OR DO UPGRADES.$$$$$

Welcome to this exceptional four-unit income property. This well-maintained property presents an ideal opportunity for savvy investors seeking a steady stream of rental income and long-term appreciation potential.

**Property Highlights:**
- **Location:** Situated on the North end of, known for its convenience, safety, and strong rental demand.
- **Unit Configuration:** This property consists of four well-appointed units, each offering 2 bedrooms and 1 bathroom.
- **Rental Income:** With all units currently leased, enjoy immediate rental income.
- **Low Vacancy Rate:** The property's prime location ensures a historically low vacancy rate, maximizing your investment's potential.
**Financial Information:** is available in the MLS.
**Value-Add Potential:**
- **Rent Increase:** Current rents are below market average, providing an immediate opportunity to increase cash flow through rent adjustments.
- **Renovation Upside:** A well-executed renovation strategy could further enhance property value and rental income potential.
- **Utility Upgrades:** Implementing energy-efficient features could reduce operating costs and attract environmentally-conscious tenants.

Don't miss the chance to capitalize on a strong rental market and secure your financial future.

Contact us today to schedule a private viewing and explore the countless possibilities this investment property presents. Your future prosperity starts here.

Last Agent to Sell the Property

Eric Schomber

EXP Realty-Dublin License #2020007677 Listed on: 08/24/2023

EXP Realty-Dublin

Last Buyer's Agent

Non Member

Non-member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 4,032 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Block Basement Construction
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • 1 Parking Space
  • On-Street Parking

Outdoor Features

  • Private Pool
  • Covered patio or porch

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tenant pays for gas, trash collection, cable TV, electricity
  • The owner pays for water
  • Assessor Parcel Number 36-2510-18-014.000

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Architectural Style: Other
  • Unit Levels: Two
  • Year Built: 1927
  • Location Property Info:Zoning2: Multi-Family
  • General Property Info:FEMA Flood Zone YN: No
  • General Property Info:Private Pool YN: Yes
  • Tax Info:Parcel _pound_: 36-2510-18-014.000
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Cooling:None4: Yes
  • General Property Info:Basement YN: Yes
  • Foundation:Block2: Yes
  • General Property Info:Enhanced Accessible: No
  • General Property Info:Land Lease YN: No
  • Utilities:Natural Gas Available: Yes
  • General Property Info:_pound_ Of Units Total: 4
  • Unit 1 Info Sq Ft: 1008
  • Levels:Two2: Yes
  • Utilities:Electricity Connected: Yes
  • Unit 1 Info:Furnished YN: No
  • Unit 2 Info:Furnished YN2: No
  • Unit 3 Info:Furnished YN3: No
  • Unit 4 Info:Furnished YN4: No
  • Roof:Flat: Yes
  • Owner Pays:Water2: Yes
  • Unit 4 Features:Washer Hookup4: Yes
  • Special Features: None

Interior Features

  • Owner Pays: Water
  • Has Basement: Block, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Basement:Unfinished: Yes
  • Unit 1 Features:Dryer Hookup: Yes
  • Unit 1 Features:Washer Hookup: Yes
  • Unit 2 Features:Dryer Hookup2: Yes
  • Unit 2 Features:Washer Hookup2: Yes
  • Unit 1 Features:Porch2: Yes
  • Unit 3 Features:Dryer Hookup3: Yes
  • Unit 3 Features:Porch4: Yes
  • Unit 3 Features:Washer Hookup3: Yes
  • Unit 2 Features:Porch3: Yes
  • Unit 4 Features:Dryer Hookup4: Yes
  • Unit 4 Features:Porch5: Yes
  • Basement:Block3: Yes

Exterior Features

  • Construction Type: Brick
  • Foundation Details: Block
  • Patio And Porch Features: Covered, Porch
  • Roof: Flat, See Remarks
  • Patio Porch Features:Covered: Yes
  • Patio Porch Features:Porch: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street
  • Parking Features:On Street: Yes
  • Unit 1 Info:Parking Total3: 1
  • Unit 2 Info:Parking Total4: 1
  • Unit 3 Info:Parking Total5: 1
  • Unit 4 Info:Parking Total6: 1

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Available
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Location Property Info:AssociationYN: No

Schools

  • Junior High Dist: Lima

Lot Info

  • Land Lease: No
  • Parcel #: 36-2510-18-014.000
  • Zoning Description: Multi-Family

Rental Info

  • Tenant Pays: Gas, Trash Collection, Cable TV, Electricity

Multi Family

  • Number Of Units Total: 4

Range of Values:

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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 Change Sq Ft Price
04/01/2024 04/01/24 Sold $215,000 -4.4% $53 / Sq Ft
10/30/2023 10/30/23 Pending -- -- --
09/25/2023 09/25/23 Price Changed $225,000 -8.2% $56 / Sq Ft
08/24/2023 08/24/23 For Sale $245,000 -- $61 / Sq Ft
Source: West Central Association of REALTORS® (OH)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Eric Schomber

    Seller's Agent in 2024

    Eric Schomber

    EXP Realty-Dublin

    (866) 212-4991

    32 in this area

    221 Total Sales

    Eric Schomber
    Section Image

  • N

    Buyer's Agent in 2024

    Non Member

    Non-member Office

See All Agents

Map

Source: West Central Association of REALTORS® (OH)

MLS Number: 301931

Ohio Allen County Lima 45805 Central Lima

724 N Charles St, Lima, OH

This home is located at 724 N Charles St, Lima, OH 45805 since 24 August 2023. This property was built in 1927. 724 N Charles St is a home located in Allen County with nearby schools including Heritage Elementary School, Lima North Middle School, and Lima West Middle School.

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.

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