1504 Elm StLima, OH 45805
High-Yield Duplex, 12.14% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 92
Highlights
- Exceptional two-unit, special-purpose investment property in Lima, OH.
- 3,047 SF on a 0.58-acre lot, with 14-foot ceilings.
- 100% occupancy, strong NOI of $71,040, 12.14% cap rate.
- Asking price: $585,000 ($292,500 per unit, $191.99/SF).
- HUD Section 8 contract through 2033, providing long-term stable income.
Property Details for 1504 Elm St
- Property type
- Other specialty properties, Specialty properties
- Square Feet
- 3,047 SF
- Year Built
- 1992
- Buildings
- 2
- Stories
- 1
- Lot Size (sq. ft)
- 25,308 SF
- Units
- 2
Location Insight
- City
- Lima
- County
- Allen
- State
- Ohio
- Latitude
- 40.737580231637
- Longitude
- -84.134091706539
Nearby Similar for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].