Great Cash Flow! College rental with tons of upside potential! Currently 9 br house with a possible 10th that could be finished in a couple days. This college rental is ready for new owners to take it to a whole different level! Located on Allentown road in a prime development area, this property includes 2+ acres, outbuilding, pond and huge home with attached 2 car garage. Recent updates include New AC, on demand hot water heater, WIFI for the tenants, and a new bathroom. 13% CAP at asking price, 15% CAP with 10th bedroom rented. 30% Cash on Cash return! Dont miss this opportunity!

  • MLS# 408476
  • Style Industrial
  • Sub-Type Resale
  • Status Active
  • Year 1965
  • Days On Site 472
SQ Feet 3,396
Story(s) 1
Listing Provided By:
Jeff Dulmage  of  Hartsock Realty
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $225,000
106.61%
$108,900 in 45805
this listing 3,396 SqFt
81.31%
1,873 SqFt in 45805
this listing $66 $/SqFt
13.95%
$58 $/SqFt in 45805
this listing 472 on site
98.32%
238 on site in 45805

Location

State OH
County Allen
City Lima
Zip Code 45805
Area Outside / All Other Areas

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