Charming Multi-Family Investment Opportunity in Lima, OH – Spacious Units, Central Location!

Allen County, Lima, OH, 45804 view full address
For Sale
Listed at: November 18th, 2024
Price
$60,000
ARV
$130,000
Gross Margin
$70,000
Sq. Footage
1590
Type
Multifamily
Parking
Detached Garage
Year build
1920
Lot size
0.18 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

Calling all investors in Allen County! Don't miss this great opportunity to add 2 doors to your portfolio. This charming duplex located in Lima, OH features two units, each with 2 bedrooms and 1 bathroom. The bottom unit has the potential to add an additonal bedroom. Already cleaned out and ready for rehab and updates, make this property your next smart investment!

🏠 PROPERTY DETAILS:
📍 S Scott St, Lima, OH 45804 
🛏️ 4bd | 2ba (Two 2bd | 1ba)
📐 1590 sqft
💰 Purchase Price: $60k
🔨 Rehab Estimate: $50k
💰 ARV: $150k
💸 EMD: $500
🏦 Pro Forma Market Rent: NOI $18K - ConC 17%
🔄 EXIT ESTIMATE: $40k Equity
🏠 LTR Rates based on Market Rent: $950 per unit
📝 Strategy 🤝🏽 Buy and Hold
💪🏽 Let’s close! 

Buyers to perform their own due dilligence

🐺 Tyler Ramos
SVP of Acquisitions
e: tyler@taxdeedwolfacademy.com

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact