2275 Cable Road, Lima, Ohio 45807

$3,500,000
47 Bedrooms
Bedrooms
30 Bathrooms
Bathrooms
700
Square Feet
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!

Basic Details
  • Status
    Active
  • Property Type
    Multi Family
  • Listing Type
    For Sale
  • Listing ID
    1041954
  • Price
    $3,500,000
  • Bedrooms
    47
  • Baths Total
    30
  • Bathrooms
    30
  • Square Footage
    700 Sqft
  • Year Built
    1970
  • Location
    United States, Ohio, Allen, Lima, 45807
  • School District
    0205 Elida Lsd
Features
  • Heating System
    Forced Air
  • Cooling System
    Central Air
  • Basement
    No
  • Exterior
    Wood Siding
  • Foundation
    Slab
  • Garage
    No Garage
Appliances
No data
Address Map
  • Street
    Cable
  • Street Number
    2275
  • Street Suffix
    Road
  • Longitude
    W85° 51' 0.7''
  • Latitude
    N40° 46' 8.2''
  • Directions
    North on Cable Rd. to the Gatehouse condo. All 43 units vary within the complex
  • Street Dir Prefix
    N
Neighborhood
No data
Additional Information
  • Office Name
    Binkley Real Estate, LLC
  • Agent Name
    Jeremy Huebner
  • Area
    599 OUTSIDE / ALL OTHER AREAS
  • Tax Year
    2024
  • Lot Dimensions
    irregular
  • RATIO Current Price By SQFT
    $5,000
  • Semi Annual Tax
    $19,500
  • List Agent MLSID
    HUEBNJER108
  • Listing Member Phone
    (567) 204-5590
  • Listing Office Phone
    (419) 738-3232
  • Provider
    WRIST Inc.
  • Agent ID
    20190909195329748726000000
2275 Cable Road, Lima, Ohio 45807
Map
Listing information © 2025 WRIST Inc.
Listing provided by Jeremy Huebner of Binkley Real Estate, LLC : (567) 204-5590.
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