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$215,000

7 Beds 3 Baths 0 SQFT 0.00 Acres
Type: Multi-Family

1063 W West Market Street
Lima, OH 45805

MLS#: 310359
Tifffany Ortner
Tifffany Ortner
The Real Estate Advantage
Office: 952.253.5600
Presented by: April LaRue with Cowan, Realtors

Property Description

 

Well-maintained tri-plex investment opportunity with all three units curently occupied, providing immediate rental income. Units 1 & 2 each feature 3 bedrooms and 1 full bath, currently renting for $1,000 per month per unit. Unit 3 offers 1 bedroom and 1 full bath with current rent at $700 per month. Property owner pays water, sewer, trash, and snow removal. Each unit has its own designated break box and water heater for added convenience and tenant independence. All units have been freshly painted in the last two years. Great opportunity for investors seeking a fully occupied multi-family property with solid cash flow potential.


 

Interior Features

Bedrooms

Total Bedrooms7

Bathrooms

Half Baths0
Total Baths3

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Heating Y/NYes

General

Architectural Style2 Story, Colonial
Attached Garage No
CityLima
Construction MaterialsVinyl Siding
CoolingWindow Unit(s)
CountyAllen
Full Baths3
Garage Spaces0
HOANo
HeatingForced Air, Baseboard, Electric, Natural Gas
High School DistrictLima
LevelsTwo
Lot Size Square Feet0 sqft
Lot Size UnitsSquare Feet
Net Operating Income28900
Number Of Units Total3
Operating Expense3500
Property SubtypeMulti Family
Property TypeResidential Income
RoofAsphalt, Metal
SewerOther
Standard StatusActive
StatusActive
Tax Annual Amount$524
Tenant PaysGas, Cable TV, Electricity, Heating
Water Sewer Expense2400
Year Built1901
Zoning DescriptionMulti-Family

Exterior

Foundation DetailsBlock
Lot Size Acres0
Lot Size Area0 sqft
Parking FeaturesOff Street
Water SourcePublic

Additional Details

Price History

  

Similar Properties

$215,000

7 Beds 3 Baths 0 SQFT 0.00 Acres
Type: Multi-Family

1063 W West Market Street
Lima, OH 45805

MLS#: 310359
Tifffany Ortner
Tifffany Ortner
The Real Estate Advantage
Office: 952.253.5600