705 W Elm St, Lima, OH

Name: 705 W Elm St, For Sale in Lima - Zoocasa
Brand: Oakridge Realty & Auction Co.
SKU: 311481
Price: 142000 USD

House

For Sale

Listed price in listed location currency (USD).

$142,000

520

MLS® 311481

Overview

Key Facts

Type Single Family Residence

Levels Residential

Size -

Garage

Taxes

Days Active 4

Lot Size

Approx. Age 1920

MLS® Number 311481

Property Address: 705 W Elm St, Lima, OH, 45801-4617

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number311481

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1920

Basement

DrivewayOther

Garage Spaces

HeatBaseboard, Forced Air, Natural Gas

A/CCentral Air

Extras

Map

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