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    1295 Pebble Creek Dr Lima, OH 45801

    Sponsored
    For Sale
    $785,000

    7-Bedroom HUD House, High Cap Rate

    Property size:
    4,307 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a single-family home located at 1295 Pebble Creek Dr, Lima, OH 45801, within Allen County. The property, built in 1986, boasts 4,307 square feet on a 0.65-acre lot. Currently operating as HUD housing, this 1-unit, single-story building offers a strong 8.26% capitalization rate with a Net Operating Income (NOI) of $64,874. The asking price is $785,000, translating to $182.26 per square foot and $785,000 per unit. The property enjoys 100% occupancy, with the current lease expiring on July 31, 2024. The property has served as HUD housing for Allen County's disabled residents since 1986. The Section 8 term is set to conclude in 2026. Detailed financial information and supporting documentation are readily available upon request. This property is also part of a larger portfolio of five HUD housing units available for sale as a package for $5,200,000. Each of the seven bedrooms in this unit currently generates $984.00 in monthly rent. This presents a compelling opportunity for investors seeking a stable, high-yield asset in a desirable location. The property's APN is 36-1303-02-027.10.

    Property Features for 1295 Pebble Creek Dr

    General Information

    Property type
    Specialty properties
    Square Feet
    4,307 SF
    Lot Size
    28,314 SF

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • HUD‑subsidized Section 8 contract expiring 2026.
    • Continuously operating as a HUD‑subsidized property since 1986.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Clothing Store Nail Salon Gym & Fitness Daycare Center Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.1271038
    Latitude
    40.7733667

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    FAQs

    What type of property is this?
    Specialty property - 7-Bedroom HUD House, High Cap Rate
    Where is this specialty property located?
    The property is located at 1295 Pebble Creek Dr Lima, OH.
    What is the asking price?
    The asking price for this property is $785,000.
    What are key features of this property?
    This property features: HUD-subsidized Section 8 contract expiring 2026.; Continuously operating as a HUD-subsidized property since 1986.;
    (419) 236-7357
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    1295 Pebble Creek Dr Lima, OH 45801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1295 Pebble Creek Dr Lima, OH 45801
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