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Hartsock Realty Portfolio 3 Multifamily Properties Offered at $3,574,665 CAD in Lima, OH

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Investment Highlights

  • Turnkey Core Plus Portfolio
  • Mark Rents to Market Opportunity
  • High Occupancy, Immediate Cashflow
  • Tax abatements

Executive Summary

This turnkey, cash-flowing portfolio in Lima, Ohio presents a compelling opportunity for investors seeking immediate yield with long-term upside. The offering includes a mix of stabilized multifamily and mixed-use assets that are currently 96% occupied and generating consistent income from day one. Two of the three properties benefit from tax abatements, one at 100% and another at 50%, significantly enhancing net operating income and reducing carry costs. With both newer construction and recently renovated properties in the portfolio, capital expenditure needs are minimized to support operational efficiency. In-place rents remain below market, creating a clear path to increased revenue through strategic rent increases. Additional value can be unlocked by upgrading and the office spaces within the mixed-use component. This portfolio is ideally suited for investors seeking both near-term cash flow and a medium-term value-add play, all within a revitalized Midwest market offering low acquisition costs and dependable tenant demand.

Property Facts

Price $3,574,665 CAD
Price / SF $108.99 CAD / SF
Cap Rate 9.22%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 32,797 SF
Total Land Area 0.89 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
500-518 W Elm St, Lima, OH 45801 Multifamily 15,742 SF 1935 -
315 N Elizabeth St, Lima, OH 45801 Multifamily 11,055 SF 2022 -
222 S McDonel St, Lima, OH 45801 Multifamily 6,000 SF 2020 -
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  • Listing ID: 36901160

  • Date on Market: 2025-07-24

  • Last Updated:

  • Address: Hartsock Realty Portfolio, Lima, OH

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