Listed by Jeremy Huebner Binkley Real Estate, LLC
$3,500,000
Est. payment /mo
47 Beds
30 Baths
700 SqFt
Active
2275 N Cable Road Lima, OH 45807
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $5,000
MLS Listing ID 1041954
Bedrooms 47
Full Baths 30
Year Built 1970
Tax Year 2024
Source Western Regional Information Systems & Technology (WRIST)
Property Description
Outstanding investment opportunity! This 43-unit condo complex offers a rare chance to own an established income-producing property in a highly desirable Lima location near restaurants, shopping, and major highways. The property features a mix of two-bedroom, one-bath and one-bedroom, one-bath condos—each with a functional layout, individual entrances, and well-maintained interiors. The units are consistently occupied and generate strong, reliable rental income, making this an ideal turnkey addition to any investor's portfolio. Situated on a well-kept property with ample parking, this development combines long-term stability with future upside potential. Opportunities like this—where the heavy lifting is already done—don't come around often!
Location
State OH
County Allen
Zoning Residential
Direction North on Cable Rd. to the Gatehouse condo. All 43 units vary within the complex
Rooms
Basement None
Interior
Heating Forced Air
Cooling Central Air
Heat Source Forced Air
Exterior
Exterior Feature Wood Siding
Parking Features No Garage
Building
Foundation Slab
Sewer Public Sewer
Water Supplied Water
Schools
High Schools 0205 Elida Lsd
School District 0205 Elida Lsd
Others
Tax ID 36220102012205
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS
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