26 unit portfolio
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26 unit portfolio
3 Properties Offered at $2,799,000 in Lima, OH
Investment Highlights
- 7 high end loft apartments and 2 new construction triplexes
- Located in Lima's revitalizing downtown
- Stabilized properties with strong commercial tenants
- Minutes from 2 major health networks and Lima's largest employers
Executive Summary
26 mid-to-high end apartments located in the revitalized downtown of Lima, OH. Properties in portfolio include; 10-unit mixed use building (7 high end loft apt, 3 commercial units), 10-unit brick townhouse apartment building, and 2 new construction triplexes. Rents are strong but have upside to be increased further. Properties are stabilized with strong commercial tenants and long term leases. Two high end units are currently used for short/mid term rentals. Positioned to capitalize in the many projects in Lima's downtown and proximity to two major medical networks.
Property Facts
| Price | $2,799,000 | Number of Properties | 3 |
| Price / SF | $102.67 / SF | Individually For Sale | 0 |
| Cap Rate | 8.57% | Total Building Size | 27,262 SF |
| Sale Type | Investment | Total Land Area | 0.84 AC |
| Status | Active |
| Price | $2,799,000 |
| Price / SF | $102.67 / SF |
| Cap Rate | 8.57% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 27,262 SF |
| Total Land Area | 0.84 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 500-518 W Elm St, Lima, OH 45801 | Multifamily | 15,742 SF | - | - |
| 222 S McDonel St, Lima, OH 45801 | Multifamily | 6,000 SF | 2020 | - |
| 315 N Elizabeth St, Lima, OH 45801 | Office | 5,520 SF | 1911 | - |
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26 unit portfolio
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