Courtesy: Cowan, Realtors
419-222-1212
Great opportunity! This well-maintained 3-bedroom, 1-bath home is currently being used as a rental and offers solid cash-flow potential for an investor looking to add to their portfolio. The property has been very well cared for and features a functional layout, a 1-car garage, and a fenced-in yard. A nice, clean rental property that is ready for its next owner. Whether you're an experienced investor or looking to pick up your first rental, this one is worth a look!
Courtesy: Superior Plus Realtors
419-222-3040
Great Investment Property! 2 Unit! One unit up and one unit on the first floor! See this Spring St property location and all of its future possibilities in person! Make an appointment today to add to your future portfolio!
Courtesy: Cowan, Realtors
419-222-1212
Generate rental income while enjoying owner-occupant flexibility in this versatile duplex. Live in one unit and rent the other, or use both units as an investment property. Key features include two separate living spaces, a large fenced-in backyard, cement driveway, attached two-car garage with workshop space, and abundant storage. The first-floor apartment includes 1 bedroom, 1 bath, spacious living areas, a kitchen, utility room, and bright sunroom. The second-floor apartment offers 3 bedrooms, 1 bath, a kitchen, and a private entrance. Additional storage is available in the finished area above the garage and partial basement. Recent improvements include a roof replaced in 2015, newer gutter guards, a water main replaced in 2024, and a boiler replaced in 2019 with annual maintenance. Some garage electrical and A/C repairs are needed. Property is being sold as-is.
Courtesy: Hartsock Realty
419-222-0447
Great opportunity for an investor looking to add multiple rental properties to their portfolio with immediate rental income upon possession. This package include four occupied rental home in Lima, Ohio. 1 - 3 bedroom / 1 bathroom home and 3 - 2 bedroom / 1 bathroom homes. All four properties are currently occupied by tenants, providing an investor with the potential for immediate rental income at closing/possession rather than s tarting from vacant properties. This is an excellent opportunity for an investor looking to acquire multiple rental units in one transaction and build or expand a cash-flowing portfolio. The properties are being offered as a package, providing the convenience of purchasing four income-producing homes at once. Homes included in package are: 416 Nye St, 549 S Elizabeth S,. 525 Orena Ave, and 909 S Sugar.
Courtesy: Dye Real Estate & Land Company
419-516-4106
13 house package in Lima! This is an investors dream! All properties are currently rented and over half are long term tenants with most of these on a month to month basis allowing future management flexibility. Package includes (1) 4 bedroom home, (11) 3 bedroom homes and (1) 2 bedroom home. Call today for more information on income and expenses. See attached list of addresses.
Courtesy: CCR Realtors
419-222-0555
Welcome to the Gatehouse Community. A well kept desirable community. This is a upper level unit with a balcony overlooking the common area. It is a nicely updated unit with neutrel color palet. NEW A/C unit Each unit has an assigned parking space with your unit # on it. Currently rented so please give 48 hour notice for showings. You will have one reserved parking spot with your unit # on it. The month condo fee is $194 which covers trash, water, snow removal and lawn care and outdoor maintenance.
Courtesy: Superior Plus Realtors
419-222-3040
Stabilized 30-Unit Residential Portfolio Exclusive investment opportunity to acquire a robust portfolio of thirty single-family homes. This turn-key acquisition is offered at a purchase price of $2,650,000, representing an efficient entry into the Northwest Ohio market at a price per door of approximately $88,333. The valuation of $2,650,000 aligns with the analyzed market value of $2,556,715.48 at an 8% cap rate. The underlying assets consist of diverse residential configurations. These properties feature a mix of two, three, and four-bedroom layouts, with square footage ranging from 795 to over 1,800 square feet. The portfolio is meticulously positioned for immediate performance, currently generating an annual gross rent of $314,760. However, a significant value-add component exists as current rental rates have not been fully optimized to market levels. Many of the existing rents are due for scheduled increases, providing the next owner with immediate upside potential to enhance the current yield. After accounting for comprehensive annual operating expenses of $110,222.76--which include professional management, accounting, lawn care, and a 3% vacancy reserve--the assets currently produce a steady Net Operating Income (NOI) of $204,537.24. The financial health of this offering is further evidenced by a healthy expense ratio of 35.02% and a strong Debt Service Coverage Ratio (DSCR) of 1.33. Based on a 25-year amortization at a 6.5% interest rate, the portfolio supports annual debt service of $153,947.28, leaving an investor with a net annual cash flow of $50,589.96, or approximately $4,215.83 per month. https://www.google.com/maps/d/u/0/edit?mid=1cKgxeqHrKSWtC8-YTtqTv8Lcrc-q6so&usp=sharing A member of the ownership is an Ohio licensed real estate agent
Courtesy: Berkshire Hathaway Professional Realty
419-331-7653
Welcome to 1212 Bellefontaine Avenue! This turnkey investment property features 30 totally remodeled units! 12 of which are 2 bedroom units and 18 of which are 1 bedroom units. This brick building had a remodel completed in 2025 and is ready for new ownership! Every unit has new floors, paint, bathrooms, and appliances. Community laundry room with coin machines, fitness room, low vacancy & a prime location close to Lima Memorial Hospital, P&G, & I-75! Call today!
Lima is located in Ohio. Lima, Ohio has a population of 36,352. Lima is less family-centric than the surrounding county with 20.41% of the households containing married families with children. The county average for households married with children is 26.72%.
The median household income in Lima, Ohio is $37,668. The median household income for the surrounding county is $55,114 compared to the national median of $69,021. The median age of people living in Lima is 34.3 years.
The average high temperature in July is 83.8 degrees, with an average low temperature in January of 18.7 degrees. The average rainfall is approximately 37.5 inches per year, with 20.4 inches of snow per year.
