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
MAJOR PRICE REDUCTION! What a great investment opportunity for rental income! This centrally investment property would help you investment package complete near hospital and new downtown developments! See this 2 unit property in person by appointment with a minimum 24 hour notice for tenants rights! Details: 3 story, 7 bedroom, 3.5 bath, parking for 9, shared U shape driveway, Zoned Class 2.
Courtesy: Lake Shore Realtors
419-586-6427
Well-maintained duplex offering immediate cash flow with $2,100/month in rental income. Both units are currently occupied with month-to-month tenants, providing flexibility for investors or future owner-occupants. The upstairs unit has been mostly remodeled, while the lower unit has been partially remodeled with a bathroom renovation already started. Work on the lower bathroom was paused due to the unit being tenant occupied. The lower unit features a two-car attached garage with a brand new garage door installed in 2026. Recent improvements also include repaired stairs leading to the upstairs unit. Both units offer washer and dryer hookups, and all kitchen appliances including refrigerators and stoves are owned by the landlord and will convey with the sale. This property offers strong income potential with additional upside through future cosmetic improvements and rent adjustments. Showings are available for pre-approved buyers or cash buyers with proof of funds only. A minimum 24-hour notice is required for all showings, and the listing agent will likely need to be present during showings due to tenant occupancy. Tenants pay for electric and gas, landlord pays for water.
Courtesy: Oakridge Realty & Auction Co.
419-991-2020
Investor opportunity in Lima -- this duplex offers solid income potential and plenty of space for tenants. The lower unit features approximately 1,496 sq. ft. with 3 bedrooms and 1 full bath. Inside, you'll find a spacious layout, hardwood flooring, an updated bathroom, central air, and gas forced-air heat. Washer and dryer hookups are located in the basement. The downstairs unit currently rents for $1,000 per month. The upper unit, located at 705 1/2 W. Elm St., offers approximately 1,177 sq. ft. with 2 bedrooms and 1 full bath. This unit includes large living spaces, an updated bathroom, washer and dryer hookups near the kitchen area, and electric baseboard heat. The upstairs unit currently rents for $800 per month. Additional features include separate electric panels for each unit, rear parking access for tenants, a newer roof and gutters installed in 2020, and many replacement windows completed in 2019. A great opportunity to expand your investment portfolio with a property that already has strong rental income potential
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: Superior Plus Realtors
419-222-3040
Prime Investment Opportunity Steps from Lima Memorial Hospital. Maximize your portfolio with this high-performing income property generating more than $15,000 in annual net income, this unique setup offers immediate cash flow in a location second to none for rental demand. Situated within easy walking distance of Lima Memorial Hospital, this well maintained property is perfectly positioned to attract healthcare professionals and medical staff seeking a short commute. The property features two distinct living spaces that provide a rare ''house hacking'' opportunity for a savvy buyer. You can live in one unit while the other pays your mortgage, or rent both for maximum returns. The main residence is a spacious 1,132-square-foot, two-bedroom home with a comfortable layout, while the separate 320-square-foot efficiency unit is ideal for a low-maintenance tenant or the lucrative traveling nurse market making this a hospital-district gem. Easily accessible corner lot. Whether you are looking for a reliable turn-key investment or a home that pays for itself, this property delivers both stability and growth in the heart of Lima.
Investors! Duplex! Look at this value add investment project property ready for your renovations! This 4 bedroom, 2 full bath Duplex offers 91952 square feet on a long 48 x 203 lot! Improvements include: Newer siding, gutters, kitchen cabinets, tile flooring, and hot water tank! Year on Roof and mechanics unknown but in good order. Down unit in decent condition, Up unit in need of full renovation. Priced to sell, no seller financing. Ask us about the OTHER 16 value add properties for sale in the area that are similar and can be bundled for purchase in groups or portfolio! AS IS. Great area and ARV! Hurry this will not last long!
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!
Courtesy: Superior Plus Realtors
419-222-3040
Welcome to 325 N McDonel Street, a spacious duplex in the heart of Lima, Ohio, offering 2,003 square feet of living space and a prime opportunity for investors or owner-occupants. This two-unit property features a total of four bedrooms and two full bathrooms, providing flexibility for rental income or multi-generational living. Recent updates include new gutters and porch repair, enhancing exterior maintenance and overall functionality. Built in 1920, the home blends vintage charm with practical features, including a basement for added storage. Located in Lima's Eastside neighborhood, the property sits on a manageable 0.048-acre lot and offers convenient access to downtown amenities, shopping, and public transportation. With an estimated rental income of $1,850 per month and affordable property taxes, this duplex presents a compelling investment with room to grow. Don't miss your chance to own a versatile property in a convenient location—schedule your showing today! 24 hour notice required for all showings.
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.
