30 Property Portfolio, Lima, OH 45804

• 91 beds |
• 33 baths

Property Description

Stabilized 30-Unit Residential Portfolio Exclusive investment opportunity to acquire a robust portfolio of thirty single-family homes. This turn-key acquisition is offered at a purchase price of $2,650,000, representing an efficient entry into the Northwest Ohio market at a price per door of approximately $88,333. The valuation of $2,650,000 aligns with the analyzed market value of $2,556,715.48 at an 8% cap rate. The underlying assets consist of diverse residential configurations. These properties feature a mix of two, three, and four-bedroom layouts, with square footage ranging from 795 to over 1,800 square feet. The portfolio is meticulously positioned for immediate performance, currently generating an annual gross rent of $314,760. However, a significant value-add component exists as current rental rates have not been fully optimized to market levels. Many of the existing rents are due for scheduled increases, providing the next owner with immediate upside potential to enhance the current yield. After accounting for comprehensive annual operating expenses of $110,222.76--which include professional management, accounting, lawn care, and a 3% vacancy reserve--the assets currently produce a steady Net Operating Income (NOI) of $204,537.24. The financial health of this offering is further evidenced by a healthy expense ratio of 35.02% and a strong Debt Service Coverage Ratio (DSCR) of 1.33. Based on a 25-year amortization at a 6.5% interest rate, the portfolio supports annual debt service of $153,947.28, leaving an investor with a net annual cash flow of $50,589.96, or approximately $4,215.83 per month. https://www.google.com/maps/d/u/0/edit?mid=1cKgxeqHrKSWtC8-YTtqTv8Lcrc-q6so&usp=sharing A member of the ownership is an Ohio licensed real estate agent

Listing Status:

Active

Date Added:

March 31, 2026

Data Last Updated:

April 4, 2026 at 1:37PM

Listing Office:

Superior Plus Realtors : 419-222-3040

Listing Agent:

Tim Stanford : 419-230-2421

MLS ID:

309829

Interior

• A/C: See Remarks
• Heating: See Remarks

Exterior

• Style: See Remarks
• Parking: See Remarks

Construction

• General: Other

Location

• Originating MLS: West Central Association of REALTORS® (OH)
• School District: Lima
• County: Allen

Lot

• Zoning: 46-0105-01-010.000

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: West Central Association of REALTORS® (OH)