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Shaun & Megan Richardson

shaun.richardson@exprealty.com +1(419) 302-9343

Listed by Madison Guckes Oakridge Realty & Auction Co.

$ 142,000

Est. payment | -/mo

5 Beds

2 Baths

2,711 SqFt

Save

$ 142,000

Est. payment | -/mo

Save

5 Beds

2 Baths

2,711 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,711 sqft

Price per Sqft $52

MLS Listing ID 311481

Style 2 Story

Bedrooms 5

Full Baths 2

HOA Y/N No

Year Built 1920

Property Sub-Type Single Family Residence

Source West Central Association of REALTORS® (OH)

Land Area 2711

Property Description

Investor Opportunity in Lima: Add this spacious Lima duplex to your investment portfolio! This property features two separate units with a combined 5 bedrooms and 2 full bathrooms, offering excellent rental potential and desirable layouts for tenants. The lower unit offers approximately 1,496 sq. ft. with 3 bedrooms and 1 full bathroom. The unit features a spacious floor plan, hardwood flooring, an updated bathroom, gas forced-air heat, central air, and washer and dryer hookups in the basement. The downstairs unit currently rents for $1,000 per month, with the lease valid through October 2026. The upper unit at 705 1/2 W. Elm St. offers approximately 1,177 sq. ft. with 2 bedrooms and 1 full bathroom. This unit features spacious rooms, an updated bathroom, washer-and-dryer hookups conveniently located near the kitchen, and electric baseboard heat. The upstairs unit currently rents for $800 per month, with the lease valid through March 27, 2027.

Additional features include separate electrical panels for each unit, rear parking access for tenants, a roof and gutters replaced in 2020, and many replacement windows completed in 2019. With $1,800 in combined monthly rental income, this property offers an opportunity for an investor seeking an income-producing duplex in Lima.

Location

State OH

County Allen

Body of Water Public

Interior

Heating Baseboard, Forced Air, Natural Gas

Cooling Central Air

Exterior

Parking Features Other

Garage No

Building

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style 2 Story

Structure Type Brick,Vinyl Siding

Schools

School District Lima

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Nearby Locations

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Shaun & Megan Richardson

REALTOR® Lic# 2016001186 | Lic# 2024004146

shaun.richardson@exprealty.com

+1(419) 302-9343

545 Metro Pl S, Dublin, OH 43017

705 W Elm ST Lima, OH 45801

Shaun & Megan Richardson

Key Details

Location

Interior

Exterior

Building

Schools

Others

705 W Elm ST