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15 Unit Portfolio

12 Properties Offered at £785,055 in Lima, OH

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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.

Taxes & Operating Expenses (Actual - 2023)	Annual
Gross Rental Income	£77,022
Other Income	-
Vacancy Loss	-
Effective Gross Income	£77,022
Taxes	-
Operating Expenses	£759
Total Expenses	£759
Net Operating Income	-

Taxes & Operating Expenses (Actual - 2023)

Gross Rental Income
Annual	£77,022

Other Income
Annual	-

Vacancy Loss
Annual	-

Effective Gross Income
Annual	£77,022

Taxes
Annual	-

Operating Expenses
Annual	£759

Total Expenses
Annual	£759

Net Operating Income
Annual	-

Property Facts

Price	£785,055	Number of Properties	12
Price / SF	£49.09 / SF	Individually For Sale	0
Net Initial Yield	9.65%	Total Building Size	15,992 SF
Sale Type	Investment	Total Land Area	1.15 AC
Status	Active

Price	£785,055
Price / SF	£49.09 / SF
Net Initial Yield	9.65%
Sale Type	Investment
Status	Active
Number of Properties	12
Individually For Sale	0
Total Building Size	15,992 SF
Total Land Area	1.15 AC

Properties

Property Name / Address	Property Type	Size	Year Built	Individual Price
900 W Wayne St, Lima, OH 45805	Speciality	2,964 SF	1920	-
727 S Pine St, Lima, OH 45804	Residential	3,564 SF	1920	-
21 Superior Ct, Lima, OH 45801	Speciality	896 SF	1919	-
23 Superior Ct, Lima, OH 45801	Speciality	896 SF	1919	-
24 Superior Ct, Lima, OH 45801	Residential	1,208 SF	1919	-
29 Superior Ct, Lima, OH 45801	Speciality	922 SF	1919	-
30 Superior Ct, Lima, OH 45801	Speciality	896 SF	1919	-
32 Superior Ct, Lima, OH 45801	Speciality	716 SF	1919	-
747 Oak St, Lima, OH 45804	Speciality	1,087 SF	1920	-
673 S West St, Lima, OH 45804	Speciality	829 SF	1900	-
814 Hope St, Lima, OH 45804	Speciality	824 SF	1920	-
605 S Scott St, Lima, OH 45804	Speciality	1,190 SF	1922	-