Looking for a solid addition to your portfolio or your next flip project? This 1914-built traditional two-story home in Lima offers the perfect bones and the most desirable rental configuration: 3 Bedrooms and 2 Full Bathrooms. At 1,409 square feet, this property provides a substantial footprint that is easy to manage but large enough to command top-tier market rents or a strong resale price. This home features low-maintenance vinyl siding, allowing you to focus your renovation budget where it matters most--the interior.Investment Highlights:The Layout: A rare 3-bedroom, 2-full bath setup. Having that second bathroom is a significant competitive advantage in the Lima rental market.The Structure: Solid 1914 construction. This is a straight and sturdy house that has stood the test of time, providing a reliable foundation for your updates.The Lot: A surprisingly deep backyard offers massive potential for outdoor living space, garden area, or a secure play space for tenants.Exterior: Vinyl siding in good condition and a shared driveway for off-street access.The Upside: The home is currently a blank canvas. It needs cosmetic TLC and interior modernization, making it the ideal candidate for a BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy or a straightforward flip.Location & Potential:Situated conveniently within the city, you are minutes away from local employment hubs, shopping, and dining. With 3/2 homes in high demand, the sweat equity potential here is significant.Terms:Property sold As-Is. Bring your contractor and your vision to unlock the immediate equity in this Lima classic - dont let this one slip through the cracks!
Listed By
Agency Name: KW Greater Columbus Realty
Agency Phone: (614) 944-5900
Agent Name: Kate Shulaw
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimated Payment
$ 728.57 per month $643.28 Principal & Interest $51.75 Property Tax $33.54 Homeowner's InsuranceIf you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.
854 W Wayne Street | MLS# 310061
This single family home located at 854 W Wayne Street, Lima, OH 45801 is currently listed for sale with an asking price of $115,000. This property was built in 1914 and has 3 bedrooms and 2 full baths with 1409 sq. ft. W Wayne Street is located within the Lima school district. Search Lima real estate on www.ikeyrealty.com today.