332-334 S Pierce Street
Lima,
Ohio OH45801
$135,000
Facts
| Listing ID | 211973 |
| Status | Closed |
| Sold Date | 12/23/2022 |
| County | Allen |
| Subdivision | |
| Year Built | 1920 |
| Property Type | Residential Income |
| Property Sub Type | Multi Family |
Remarks
Jump start your investment portfolio with this rehabbed 4 unit building! All efficiency apartments with 1 bedroom, 1 bathroom, living space and kitchen. All units are metered separate for electric with baseboard heat, rebuild porches, new windows and updated kitchens and bathrooms, updated flooring and paint. Included in the sale is the lot next door that can be used for parking for the tenants or turn it into a green space, whatever you want it to be! Each unit rents for $650/ month. Owner pays water/sewer/trash, tenants pay electric. Cap rate is 16.9%,Stove & Refrigerator-Some Units
County
Allen
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1920
Zoning
Multi-Family
Basement
Crawl Space, Partial
Cooling
Window Unit(s)
Heating
Electric
Levels
Two
Rooms Total
12
Unit 1 Features
Porch
Unit 1 Info - Efficiency
Yes
Unit 1 Info - Number of Bedrooms
1
Unit 1 Info - Number of Full Baths
1
Unit 1 Info - Number of Total Rooms
3
Unit 1 Info - SqFt
514
Unit 1 Info - Total Baths (Legacy)
1
Unit 2 Features
Porch
Unit 2 Info - Efficiency
Yes
Unit 2 Info - Furnished
No
Unit 2 Info - Number of Bedrooms
1
Unit 2 Info - Number of Full Baths
1
Unit 2 Info - Number of Total Rooms
3
Unit 2 Info - SqFt
514
Unit 2 Info - Total Baths (Legacy)
1
Unit 3 Features
Balcony, Oven, Patio, Range, Refrigerator
Unit 3 Info - Efficiency
Yes
Unit 3 Info - Furnished
No
Unit 3 Info - Number of Bedrooms
1
Unit 3 Info - Number of Full Baths
1
Unit 3 Info - Number of Total Rooms
3
Unit 3 Info - SqFt
462
Unit 3 Info - Total Baths (Legacy)
1
Unit 4 Features
Oven, Range
Unit 4 Info - Efficiency
Yes
Unit 4 Info - Furnished
No
Unit 4 Info - Number of Bedrooms
1
Unit 4 Info - Number of Full Baths
1
Unit 4 Info - Number of Total Rooms
3
Unit 4 Info - SqFt
462
Unit 4 Info - Total Baths (Legacy)
1
Construction Materials
Aluminum Siding
FEMA Flood Zone
No
Foundation
Block
Lot Size Dimensions
Double lot
Number Of Units Total
4
Parking Features
Off Street, On Street
Roof
Asphalt
Sewer
Public Sewer
Unit 1 Info - Parking Total
1
Unit 2 Info - Parking Total
1
Unit 3 Info - Parking Total
1
Unit 4 Info - Parking Total
1
Water Source
Public
Association Y /N
No
School District
Lima
Status Change Date
2022-12-28T00:00:00+00:00
Concession Comments
N/A
Financial Details - Insurance Expense
95
Financial Details - Maintenance Expense
233.2
Financial Details - Net Operating Income
24550.44
Financial Details - Operating Expense
6649.56
Financial Details - Water Sewer Expense
125
Land Lease
No
Listing Terms
Cash, Conventional
Owner Pays
Sewer, Trash Collection, Water
Special Listing Conditions
Fair Market
Tax Annual Amount
1221.18
Tenant Pays
Electricity, Heating
Unit 1 Info - Monthly Income
650
Unit 2 Info - Monthly Income
650
Unit 3 Info - Monthly Income
650
Unit 4 Info - Monthly Income
650
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