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Lima 25 Portfolio 2 Multifamily Properties Offered at $3,140,820 CAD in Lima, OH
INVESTMENT HIGHLIGHTS
- Portfolio is currently 96%+ occupied, providing investors with stable in-place cash flow from day one
- Strong built-in equity opportunity as many recent sales in the surrounding area have traded for $50,000 or more above current pricing
- Significant renovation potential exists, with upgraded finishes and modernized units supporting $250+ rent growth compared to nearby comps
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the Lima 25 Portfolio, a 25-property rental home package located in Lima, Ohio, a regional hub within Northwest Ohio. This portfolio provides investors with immediate scale in a supply-restricted market, offering both stable in-place cash flow and a clear path to rent growth through renovations and management efficiencies.
The portfolio is comprised of 23 single-family homes and 2 duplexes, totaling 27 rental units. The current mix includes 9 two-bedroom homes, 14 three-bedroom homes, three two-bedroom duplex units, and one three-bedroom duplex unit. With 96%+ occupancy and average effective rents of $897 per unit, the portfolio is well-positioned to capture upside, as comparable properties in the market are achieving rents $250 or more above current levels.
Lima’s growing economy is anchored by major employers such as Ford, Procter & Gamble, Mercy Health, and Marathon Petroleum, alongside nearly $1 billion in recent capital investment and redevelopment. These strong employment anchors, paired with the city’s affordability and high renter demand, create a durable foundation for consistent occupancy and long-term rent growth. For investors, the Lima 25 Portfolio offers a unique opportunity to acquire immediate scale with substantial value-add potential in a strengthening regional market.
Deal Vault Link with OM and RR: https://www.marcusmillichap.com/properties/188652/lima-25-portfolio
The portfolio is comprised of 23 single-family homes and 2 duplexes, totaling 27 rental units. The current mix includes 9 two-bedroom homes, 14 three-bedroom homes, three two-bedroom duplex units, and one three-bedroom duplex unit. With 96%+ occupancy and average effective rents of $897 per unit, the portfolio is well-positioned to capture upside, as comparable properties in the market are achieving rents $250 or more above current levels.
Lima’s growing economy is anchored by major employers such as Ford, Procter & Gamble, Mercy Health, and Marathon Petroleum, alongside nearly $1 billion in recent capital investment and redevelopment. These strong employment anchors, paired with the city’s affordability and high renter demand, create a durable foundation for consistent occupancy and long-term rent growth. For investors, the Lima 25 Portfolio offers a unique opportunity to acquire immediate scale with substantial value-add potential in a strengthening regional market.
Deal Vault Link with OM and RR: https://www.marcusmillichap.com/properties/188652/lima-25-portfolio
TAXES & OPERATING EXPENSES (PRO FORMA - 2026) |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$541,059
|
| Other Income |
-
|
| Vacancy Loss |
$47,937
|
| Effective Gross Income |
$493,121
|
| Taxes |
$32,246
|
| Operating Expenses |
$119,752
|
| Total Expenses |
$151,998
|
| Net Operating Income |
$341,124
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $541,059 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $47,937 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $493,121 |
| Taxes (CAD) | |
|---|---|
| Annual | $32,246 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $119,752 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $151,998 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $341,124 |
PROPERTY FACTS
| Price | $3,140,820 CAD | Status | Under Contract |
| Price / SF | $395.27 CAD / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.02% | Total Building Size | 7,946 SF |
| Sale Type | Investment | Total Land Area | 0.25 AC |
| Price | $3,140,820 CAD |
| Price / SF | $395.27 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.02% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,946 SF |
| Total Land Area | 0.25 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 114 Partridge Pl, Lima, OH 45801 | Multifamily | 4,013 SF | 1980 | - |
| 1133 Bahama Dr, Lima, OH 45801 | Multifamily | 3,933 SF | 1972 | - |
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CONTACTS
-
Jordan Dickman -
Austin Hall -
Austin Sum -
Samuel Petrosino -
Nicholas Andrews -
Marcus & Millichap
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Lima 25 Portfolio
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