Listing Agency: Superior PLUS Realtors g***@superiorrealtors.com Show Phone

Listed By: Greg Butcher · License #OH 0000324616

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 6:05AM

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Investment Insights

Based on property information with market context.

This apartment building has operated as HUD housing for people with disabilities in Allen County since 1986. The property is associated with Section 8 housing, with the current term extending through 2026.

The asset is located at 1293 Pebble Creek Dr in Lima, Ohio. Property information is available upon request, and the building may be considered individually or as part of a larger offering.

Key Highlights

• HUD housing operations dating to 1986
• Section 8 term extends through 2026
• Serves people with disabilities in Allen County

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Hair Salon Spa & Massage Center Restaurant Nail Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7

Residential units

Location Intelligence

Trade Area within ½ mile

55

Businesses Nearby

Explore this area Business Placement

Demographics for 45801, OH

22,819

Population

9,351

Households

2.4

Avg Household Size

38

Median Age

12%

College-Educated

90%

High-School Grad

45.7 sq mi

ZIP Area

499

Density / Sq Mi

$47,442

Median Household Income

$33,224

Median Earnings

$865

Median Rent

$111,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Apartment property with an established HUD housing operating history and Section 8 participation.

Where is this apartment building located?

The property is located at 1293 Pebble Creek Dr Lima, OH.

What are key features of this property?

This property features: HUD housing operations dating to 1986; Section 8 term extends through 2026; Serves people with disabilities in Allen County