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705 W Elm Street, Lima, OH 45801

$148,000
  • 705 W Elm Street, Lima, OH 45801 Main Photo
New to the Market Active
BEDS5 BATHS2 full SQUARE FEET2,711 MLS#310281
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLLima

Property Description

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, youll 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

705 W Elm Street | MLS# 310281

This multi-family property located at 705 W Elm Street, Lima, OH 45801 is currently listed for sale with an asking price of $148,000. W Elm Street is located within the Lima school district. Search Lima real estate on kyliegamble.ikeyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Electric, Forced Air
Home Style: 2 Story
Year Built: 1920

Units

Unit 1:
Full Bathroom(s): 1
Bedroom(s): 2
Rent: $800.00
Square Footage: 1177
Unit 2:
Full Bathroom(s): 1
Bedroom(s): 3
Square Footage: 1496

Feature Descriptions

Foundation: Other
Parcel #: 36-3609-07-003.000
Parking: None
Rooms Total: 0
Sewer: Public Sewer
Water: Public

Local Schools

School District: Lima

Listed By / Shown By

Listed By

Agency Name: Oakridge Realty & Auction Co.
Agent Name: Lindsay Miller
Agency Phone: (419) 991-2020

Shown By

Agent Name: Kylie Gamble
Agent Phone: (330) 312-7018
Agency Title: Key Realty

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Estimated Payment

$ 871.04 per month $827.87 Principal & Interest $0.00 Property Tax (data not provided by mls) $43.17 Homeowner's Insurance

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