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724-730 N Charles Street

Lima, OH 45805
  • $225,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 301931
Price Reduced
UPDATED: 42 min ago
$225,000
  • 8
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,032
    SQFT
  • $56
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1927
County:
Area:

School Ratings & Info

School District:

Description

**Prime Investment Opportunity: Four-Unit Income Property**Welcome to this exceptional four-unit income property. This well-maintained property presents an ideal opportunity for savvy investors seeking a steady stream of rental income and long-term appreciation potential.**Property Highlights:**- **Location:** Situated on the North end of, known for its convenience, safety, and strong rental demand.- **Unit Configuration:** This property consists of four well-appointed units, each offering 2 bedrooms and 1 bathroom.- **Rental Income:** With all units currently leased, enjoy immediate rental income.- **Low Vacancy Rate:** The property's prime location ensures a historically low vacancy rate, maximizing your investment's potential.**Financial Information:** is available in the MLS.**Value-Add Potential:**- **Rent Increase:** Current rents are below market average, providing an immediate opportunity to increase cash flow through rent adjustments.- **Renovation Upside:** A well-executed renovation strategy could further enhance property value and rental income potential.- **Utility Upgrades:** Implementing energy-efficient features could reduce operating costs and attract environmentally-conscious tenants. Don't miss the chance to capitalize on a strong rental market and secure your financial future.Contact us today to schedule a private viewing and explore the countless possibilities this investment property presents. Your future prosperity starts here.

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© 2023 West Central Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Binkley Real Estate, LLC. Data last updated: 2023-09-25T22:40:38.473.
www.binkleyre.com/homes/142751116
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724-730 N Charles Street Lima, OH 45805

  • Price: $225,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 42 min ago
  • MLS #: 301931
8
Beds
0
Baths
0
½ Baths
N/A
Acres
4,032
SQFT
$56
$/SQFT
1927
Built
Neighborhood:
Lima
County:
Allen
Area:
Lima
School District:
Lima
Property Description
**Prime Investment Opportunity: Four-Unit Income Property**Welcome to this exceptional four-unit income property. This well-maintained property presents an ideal opportunity for savvy investors seeking a steady stream of rental income and long-term appreciation potential.**Property Highlights:**- **Location:** Situated on the North end of, known for its convenience, safety, and strong rental demand.- **Unit Configuration:** This property consists of four well-appointed units, each offering 2 bedrooms and 1 bathroom.- **Rental Income:** With all units currently leased, enjoy immediate rental income.- **Low Vacancy Rate:** The property's prime location ensures a historically low vacancy rate, maximizing your investment's potential.**Financial Information:** is available in the MLS.**Value-Add Potential:**- **Rent Increase:** Current rents are below market average, providing an immediate opportunity to increase cash flow through rent adjustments.- **Renovation Upside:** A well-executed renovation strategy could further enhance property value and rental income potential.- **Utility Upgrades:** Implementing energy-efficient features could reduce operating costs and attract environmentally-conscious tenants. Don't miss the chance to capitalize on a strong rental market and secure your financial future.Contact us today to schedule a private viewing and explore the countless possibilities this investment property presents. Your future prosperity starts here.
Exterior Features

Architectural Style Other Basement BlockUnfinished Construction Materials Brick Foundation Block Levels Two Parking Features On Street Patio And Porch Features CoveredPorch Roof Flat Unit1 Parking Total 1 Unit2 Parking Total 1 Unit3 Parking Total 1 Unit4 Parking Total 1

Interior Features

Cooling None Heating Forced Air Unit1 Features Dryer HookupPorchWasher Hookup Unit2 Features Dryer HookupPorchWasher Hookup Unit4 Features Dryer HookupPorchWasher Hookup

Property Features

Association YN No Exceptions Na Land Lease YN No Listing Terms CashConventional Owner Pays Water Property Sub Type Multi Family Sewer Public Sewer Special Listing Conditions Fair Market Tenant Pays Cable TvElectricityGasTrash Collection Unit3 Features Dryer HookupPorchWasher Hookup Water Source Public Zoning Multi-Family

Listing information © 2023 West Central Association of Realtors MLS
Listing provided by Eric Schomber of Exp Realty : (866) 212-4991.



© 2023 West Central Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Binkley Real Estate, LLC. Data last updated: 2023-09-25T22:40:38.473.
 
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