$9,999,315

80 Door Package Lima, OH 45804

Fifth Ward Neighborhood

Estimated payment $66,451/month

-- Beds
-- Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

80-Door Portfolio Summary -- NW Ohio
Acquisition Price: $9,999,315.00 ($124,991.00 / door)
Asset Mix: 79 buildings / 80 doors (78 single-family homes + 1 duplex)
Occupancy: 95% stabilized (5% vacancy rate)

Financial & Return Metrics:
Average Rent / Door: $1,170.04/month
Gross Monthly Income: $93,603.20
Gross Annual Income: $1,123,238.40
Expense Ratio: 28.78%
Net Operating Income (NOI): $799,945.27 / year
Cap Rate: 8.00%
Estimated Annual Debt Service: $636,101.28
Debt Service Coverage Ratio (DSCR): 1.26
Net Monthly Cash Flow: $13,635.67
Annual Cash Flow: $163,628.04
Pre-Value-Add, Cash-on-Cash Return (CoC): 6.55%

Key Upside:
In-place cash flow from day one with ~95% occupancy.

Major value-add potential: While many of the units are stabilized, many units sit below market rent, offering immediate revenue expansion on lease renewals and operational mark-to-market.

Listing Agent

Traci Mendenhall

Hartsock Realty License #2021002956 Listed on: 09/18/2026

Co-Listing Agent

Bailey Joseph

Hartsock Realty License #2006002451

Home Details

Home Type

  • Single Family

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential Income
  • Co List Office Mls Id: wca.o668000057
  • Co List Office Phone: 419-222-0447
  • Architectural Style: Other
  • Location Property Info:Zoning2: Residential
  • General Property Info:FEMA Flood Zone YN: No
  • Tax Info:Parcel _pound_: NA
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • General Property Info:_pound_ Of Units Total: 80
  • Special Features: None

Exterior Features

  • Foundation Details: Other

Garage/Parking

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

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Other10: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Location Property Info:AssociationYN: No

Schools

  • Junior High Dist: Lima

Lot Info

  • Parcel #: NA
  • Zoning Description: Residential

Multi Family

  • Number Of Units Total: 80

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/18/2026 09/18/26 For Sale $9,999,315 -- --
Source: West Central Association of REALTORS® (OH)

Source: West Central Association of REALTORS® (OH)

MLS Number: 311652

Ohio Allen County Lima 45804 Fifth Ward

80 Door Package, Lima, OH

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Listing Agent
Traci Mendenhall
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Hartsock Realty
(419) 971-7205
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