1295 Pebble Creek Dr Lima, OH 45801
- Commercial real estate
- 4,307 SF
- 0.65 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1295 Pebble Creek Dr
- Year built
- 1986
- Lot size
- 0.65 lot acres
- Property size
- 4,307 SF
- Property type
- Commercial real estate
- APN
- 36-1303-02-027.10
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.1271038
- Latitude
- 40.7733667
