Multifamily
Lima 25 Portfolio
541 E Eureka St, Lima, OH 45804
Listing Price: $2,250,000
Investment Overview
Marcus & Millichap is pleased to present the Lima 25 Portfolio, a 25-property rental home package located in Lima, Ohio, a regional hub within Northwest Ohio. This portfolio provides investors with immediate scale in a supply-restricted market, offering both stable in-place cash flow and a clear path to rent growth through renovations and management efficiencies.
The portfolio is comprised of 23 single-family homes and 2 duplexes, totaling 27 rental units. The current mix includes 9 two-bedroom homes, 14 three-bedroom homes, three two-bedroom duplex units, and one three-bedroom duplex unit. With 96%+ occupancy and average effective rents of $897 per unit, the portfolio is well-positioned to capture upside, as comparable properties in the market are achieving rents $250 or more above current levels.
Lima’s growing economy is anchored by major employers such as Ford, Procter & Gamble, Mercy Health, and Marathon Petroleum, alongside nearly $1 billion in recent capital investment and redevelopment. These strong employment anchors, paired with the city’s affordability and high renter demand, create a durable foundation for consistent occupancy and long-term rent growth. For investors, the Lima 25 Portfolio offers a unique opportunity to acquire immediate scale with substantial value-add potential in a strengthening regional market.
Lima 25 Portfolio
Investment Highlights
- Portfolio is currently 96%+ occupied, providing investors with stable in-place cash flow from day one while also offering immediate upside through management and operational efficiencies.
- Significant renovation potential exists, with upgraded finishes and modernized units supporting $250+ rent growth compared to nearby comps, driving long-term income and property value.
- Strong built-in equity opportunity as many recent sales in the surrounding area have traded for $50,000 or more above current pricing, creating multiple exit and refinance strategies.
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Listing Price: $2,250,000
Investment Highlights
- Portfolio is currently 96%+ occupied, providing investors with stable in-place cash flow from day one while also offering immediate upside through management and operational efficiencies.
- Significant renovation potential exists, with upgraded finishes and modernized units supporting $250+ rent growth compared to nearby comps, driving long-term income and property value.
- Strong built-in equity opportunity as many recent sales in the surrounding area have traded for $50,000 or more above current pricing, creating multiple exit and refinance strategies.
Investment Overview
Marcus & Millichap is pleased to present the Lima 25 Portfolio, a 25-property rental home package located in Lima, Ohio, a regional hub within Northwest Ohio. This portfolio provides investors with immediate scale in a supply-restricted market, offering both stable in-place cash flow and a clear path to rent growth through renovations and management efficiencies. The portfolio is comprised of 23 single-family homes and 2 duplexes, totaling 27 rental units. The current mix includes 9 two-bedroom homes, 14 three-bedroom homes, three two-bedroom duplex units, and one three-bedroom duplex unit. With 96%+ occupancy and average effective rents of $897 per unit, the portfolio is well-positioned to capture upside, as comparable properties in the market are achieving rents $250 or more above current levels. Lima’s growing economy is anchored by major employers such as Ford, Procter & Gamble, Mercy Health, and Marathon Petroleum, alongside nearly $1 billion in recent capital investment and redevelopment. These strong employment anchors, paired with the city’s affordability and high renter demand, create a durable foundation for consistent occupancy and long-term rent growth. For investors, the Lima 25 Portfolio offers a unique opportunity to acquire immediate scale with substantial value-add potential in a strengthening regional market.
Exclusively Listed By
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