Great Buy and Hold Opportunity!
509 N Elizabeth St, Lima, OH, 45801
TRIPLEX PROPERTY Lima, Ohio!
PRICE: $216,606
ARV: $265K
Actual Rent: $1,125/month
Potential Rent: $1,894/month
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Unit Mix:
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One 1BR/1 Bath Unit
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One 3BR/1 Bath Unit
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Occupancy: 100% Occupied
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Market Rents: $475-$650/Unit
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Market Rents: $838-$1,056/Unit
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Taxes: $800
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Insurance: $700
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Utilities: Tenants pay for all utilities except for water and sewer.
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Building Square Footage: 2,125 Sq Ft
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Lot Size: 5,314 Sq Ft
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Year Built: 1920
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Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.
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Cap Rate (Pro Forma): 7.48% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
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Due Diligence: While we do our best to get all the relevant information to you, buyers are encouraged to do their own due diligence. (See Important Disclosures Below)
TEXTING IS THE FASTEST WAY TO GET A HOLD OF US!
If you have any questions about this property, please contact:
Primary Contact: Frank Stewart (463) 240-1822
Important Disclosures Five Stream Ventures, LLC. is not an appraiser or a general contractor and does not claim to be one. Buyer is to do their own independent due diligence. All properties are sold as is, where is with no warranties or representations expressed or implied. Five Stream Ventures, LLC. is a real estate investment firm and does not claim to be licensed real estate agents or brokers.