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


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