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Josh Steinke


  • Cell 419-302-9756

3087 Allentown, Lima, OH - Ohio – $215,000

  • $215k Price
  • 3,396 Sqft
  • 2.14 Acres
  • 625 DOM
  • $215k Price
  • 3,396 Sqft
  • 2.14 Acres
  • 625 DOM

3087 Allentown

Great Cash Flow! College rental with tons of upside potential! Currently 9 br house with a possible 10th that could be finished in a couple days. This college rental is ready for new owners to take it to a whole different level! Located on Allentown road in a prime development area, this property includes 2+ acres, outbuilding, pond and huge home with attached 2 car garage. Recent updates include New AC, on demand hot water heater, WIFI for the tenants, and a new bathroom. 13% CAP at asking price, 15% CAP with 10th bedroom rented. 30% Cash on Cash return! Don’t miss this opportunity!

Essential Information

  • MLS® #408476
  • Price$215,000
  • Bathrooms0.00
  • Square Footage3,396
  • Acres2.14
  • Year Built1965
  • TypeCommercial-Industrial
  • StatusActive

Community Information

  • Address3087 Allentown
  • Subdivisionna
  • CityLima
  • CountyAllen County
  • StateOH - Ohio
  • Zip Code45805


Outside / All Other Areas - 599


  • UtilitiesSupplied Water
  • FeaturesOth Spec Fea (See Rmks)
  • Parking Spaces12
  • ParkingOth Parking (See Rmks)


  • HeatingOth Heat Sys (See Rmks)


  • ExteriorVinyl
  • Lot Description2.14

Additional Information

  • Days on Market625

Listing Details

  • AgentJeff Dulmage
  • OfficeHartsock Realty
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Listing information last updated on April 21st, 2019 at 2:06pm EDT.

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