1295 Pebble Creek DrLima, OH 45801

Property Details for 1295 Pebble Creek Dr

Year built

1986

Lot size

0.65 AC

Property size (Sq ft)

4,307 SF

Property type

Specialty properties

Property subtype

Other specialty properties

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.

Location Insight

City

Lima

County

Allen

State

Ohio

Latitude

40.7734

Longitude

-84.1271

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