Hartsock Realty Portfolio Multi-Family FOR SALE


Lima, OH
$2,650,000 USD
, Lima, OH for Sale
$2,650,000 USD
Multi-Family - FOR SALE
1/2
null | 9.22% Cap Rate

Hartsock Realty Portfolio
Lima, OH


HIGHLIGHTS

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

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Research In ProgressResearch In ProgressMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Research In ProgressResearch In ProgressMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.