6 Unit Portfolio 6 Properties Offered at $580,000 in Lima, OH
INVESTMENT HIGHLIGHTS
- This 15-unit real estate investment opportunity includes triplex, duplex, six-plex, and single-family homes.
- By renting vacant units and raising rents, the cap rate could reach nearly 12%.
- Despite vacancies, the property has a solid cap rate of 8%.
- A great investment for landlords or portfolio expansion.
EXECUTIVE SUMMARY
Check out this fantastic 15-unit real estate investment opportunity, featuring a triplex, duplex, six-plex, and 4 single-family homes. Most units offer two bedrooms and one bath, with one house boasting three bedrooms, and one unit in the triplex offering one bedroom and one bath. The current monthly rent roll is $8,135, with two units currently vacant. 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 to nearly 12%. 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!
Directions: All showing will require a letter of intent or an accepted offer. Tenants rights apply.
Directions: All showing will require a letter of intent or an accepted offer. Tenants rights apply.
TAXES & OPERATING EXPENSES (ACTUAL - 2023) |
ANNUAL |
|---|---|
| Gross Rental Income |
$97,620
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$97,620
|
| Taxes |
-
|
| Operating Expenses |
$962
|
| Total Expenses |
$962
|
| Net Operating Income |
-
|
PROPERTY FACTS
| Price | $580,000 |
| Price / SF | $55.46 / SF |
| Cap Rate | 16.55% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 10,458 SF |
| Total Land Area | 0.69 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 673 S West St, Lima, OH 45804 | Specialty | 829 SF | 1900 | - |
| 814 Hope St, Lima, OH 45804 | Specialty | 824 SF | 1920 | - |
| 605 S Scott St, Lima, OH 45804 | Specialty | 1,190 SF | 1922 | - |
| 747 Oak St, Lima, OH 45804 | Specialty | 1,087 SF | 1920 | - |
| 727 S Pine St, Lima, OH 45804 | Multifamily | 3,564 SF | 1920 | - |
| 900 W Wayne St, Lima, OH 45805 | Specialty | 2,964 SF | 1920 | - |
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