30 Property Portfolio, Lima, OH 45804
Local realty services provided by:ERA Geyer Noakes Realty Group
30 Property Portfolio,Lima, OH 45804
$2,650,000
- 91 Beds
- 33 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: tim stanford
Office: superior plus realtors
MLS#:309829
Source:OH_WCAR
Price summary
- Price:$2,650,000
About this home
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.
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Home facts
- Listing ID #:309829
- Added:184 day(s) ago
- Updated:October 01, 2026 at 03:54 PM
Rooms and interior
- Bedrooms:91
- Total bathrooms:33
- Full bathrooms:33
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,650,000
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