For more information on this property,
contact Cowan Realtors at (419) 222-1212 or jliening1@gmail.com
332-334
S
Pierce Street,
Lima,
Ohio
OH
45801
Sold For: $135,000
Listing ID 211973
Status Closed
Sold Date 12/23/2022
Year Built 1920
Property Description:
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
Primary Features
County:
Allen
Property Sub Type:
Multi Family
Property Type:
Residential Income
Year Built:
1920
Zoning:
Multi-Family
Interior
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
External
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
Location
Association Y /N:
No
School District:
Lima
Additional
Status Change Date:
2022-12-28T00:00:00+00:00
Financial
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
Zoning Info
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