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2275 N Cable Road

LIMA, OH 45807
  • $3,500,000
  • STATUS: Active
  • ON SITE: 97 Days
  • MLS #: 1041954
UPDATED: 42 min ago
$3,500,000
  • 47
    BEDS
  • N/A
    ACRES
  • 30
    BATHS
  • 0
    1/2 BATHS
  • 700
    SQFT
  • $5,000
    $/SQFT
Type:
Multi-Family
Built:
1970
County:

School Ratings & Info

School District:

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!

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© 2026 Western Regional Information Systems & Technology, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Mangini | Superior Plus Realtors. Data last updated: 2026-01-19T17:12:54.153
www.lovelimahomes.com/homes/168859810
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2275 N Cable Road LIMA, OH 45807

  • Price: $3,500,000
  • Status: Active
  • On Site: 97 Days
  • Updated: 42 min ago
  • MLS #: 1041954
47
Beds
30
Baths
0
½ Baths
N/A
Acres
700
SQFT
$5,000
$/SQFT
1970
Built
Neighborhood:
599 OUTSIDE / ALL OTHER AREAS
County:
Allen
Area:
599 OUTSIDE / ALL OTHER AREAS
School District:
0205 Elida Lsd
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!
Exterior Features

Exterior Wood Siding Foundation Slab Garage No Garage Structure Type See Remarks

Interior Features

Basement None Cooling Central Air Heating System Forced Air Units Rooms Total Units 43 Units Rooms1 Bedroom 23 Units Rooms2 Bedrooms 20

Property Features

Auction No Condo Lot YN No Hoa Coa Fee Amount 7280.00 Hoa Coa YN Yes Included In Fee Maintenance GroundsSnow RemovalMaintenance Structure Manufactured Home No New Financing CashConventional Semi Annual Tax 19500.00 Sewer Public Sewer Tax Year 2024 Township American Units Rooms Gross Monthly Rent 0.00 Water Source Supplied Water Zoning Residential

Listing provided courtesy of Jeremy Huebner of Binkley Real Estate, LLC: (419) 738-3232.


© 2026 Western Regional Information Systems & Technology, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Mangini | Superior Plus Realtors. Data last updated: 2026-01-19T17:12:54.153
 
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2903 Elida Rd.
Lima OH, 45805