David Gottschalk
REALTOR®
BEDS0
BATHS
MLS#311652
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLLima
Property Description
80-Door Portfolio Summary -- NW OhioAcquisition Price: $9,999,315.00 ($124,991.00 / door)Asset Mix: 79 buildings / 80 doors (78 single-family homes + 1 duplex)Occupancy: 95% stabilized (5% vacancy rate)Financial & Return Metrics:Average Rent / Door: $1,170.04/monthGross Monthly Income: $93,603.20 Gross Annual Income: $1,123,238.40 Expense Ratio: 28.78%Net Operating Income (NOI): $799,945.27 / yearCap Rate: 8.00%Estimated Annual Debt Service: $636,101.28 Debt Service Coverage Ratio (DSCR): 1.26Net Monthly Cash Flow: $13,635.67Annual Cash Flow: $163,628.04 Pre-Value-Add, Cash-on-Cash Return (CoC): 6.55%Key Upside:In-place cash flow from day one with ~95% occupancy.Major value-add potential: While many of the units are stabilized, many units sit below market rent, offering immediate revenue expansion on lease renewals and operational mark-to-market.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Other
Heating: Other
Home Style: Other
Feature Descriptions
Days on Site: 13
Foundation: Other
Parcel #: NA
Parking: Varies by Unit
Sewer: Public Sewer
Water: Public
Local Schools
School District: Lima
Listed By / Shown By
Listed By
Agency Name: Hartsock Realty
Agent Name: Traci Mendenhall
Agency Phone: (419) 222-0447
Shown By
Agent Name: David Gottschalk
Agent Phone: (734) 755-8986
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 58,849.80 per month $55,933.33 Principal & Interest $0.00 Property Tax (data not provided by mls) $2,916.47 Homeowner's InsuranceChange Payment Information
David Gottschalk
Cell: (734) 755-8986
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80 Door Package | MLS# 311652
This multi-family property located at 80 Door Package, Lima, OH 45804 is currently listed for sale with an asking price of $9,999,315. Door Package is located within the Lima school district. Search Lima real estate on davidgottschalk.ikeyrealty.com today.