2275 N Cable Road, Lima, OH 45807
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Charles Collins

Charles Collins

+1(614) 325-1178
Listed by Jeremy Huebner Binkley Real Estate, LLC
$ 3,500,000
Est. payment | /mo

47 Beds

30 Baths

700 SqFt

Save
$ 3,500,000
Est. payment | /mo
Save

47 Beds

30 Baths

700 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 700 sqft

Price per Sqft $5,000

MLS Listing ID 1041954

Bedrooms 47

Full Baths 30

Year Built 1970

Tax Year 2024

Source Western Regional Information Systems & Technology (WRIST)

Property Description

Outstanding investment opportunity! This 43-unit condo complex offers a rare chance to own an established income-producing property in a highly desirable Lima location near restaurants, shopping, and major highways. The property features a mix of two-bedroom, one-bath and one-bedroom, one-bath condos—each with a functional layout, individual entrances, and well-maintained interiors. The units are consistently occupied and generate strong, reliable rental income, making this an ideal turnkey addition to any investor's portfolio. Situated on a well-kept property with ample parking, this development combines long-term stability with future upside potential. Opportunities like this—where the heavy lifting is already done—don't come around often!

Location

State OH

County Allen

Zoning Residential

Direction North on Cable Rd. to the Gatehouse condo. All 43 units vary within the complex

Rooms

Basement None

Interior

Heating Forced Air

Cooling Central Air

Heat Source Forced Air

Exterior

Exterior Feature Wood Siding

Parking Features No Garage

Building

Foundation Slab

Sewer Public Sewer

Water Supplied Water

Schools

High Schools 0205 Elida Lsd

School District 0205 Elida Lsd

Others

Tax ID 36220102012205

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Nearby Locations

Charles Collins

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(614) 325-1178

collinslassitergroup@gmail.com

921 Eastwind Dr Suite 102, Westerville, OH, 43081, United States

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2275 N Cable Road