854 W Wayne ST Lima, OH 45801
3 Beds
2 Baths
1,409 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,409 sqft
Price per Sqft $70
MLS Listing ID 310061
Style 2 Story
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1914
Annual Tax Amount $51
Property Sub-Type Single Family Residence
Source West Central Association of REALTORS® (OH)
Land Area 1409
Property Description
Investment Highlights:
The Layout: A rare 3-bedroom, 2-full bath setup. Having that second bathroom is a significant competitive advantage in the Lima rental market.
The Structure: Solid 1914 construction. This is a 'straight and sturdy' house that has stood the test of time, providing a reliable foundation for your updates.
The Lot: A surprisingly deep backyard offers massive potential for outdoor living space, garden area, or a secure play space for tenants.
Exterior: Vinyl siding in good condition and a shared driveway for off-street access.
The Upside: The home is currently a blank canvas. It needs cosmetic TLC and interior modernization, making it the ideal candidate for a BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy or a straightforward flip.
Location & Potential:
Situated conveniently within the city, you are minutes away from local employment hubs, shopping, and dining. With 3/2 homes in high demand, the 'sweat equity' potential here is significant.
Terms:
Property sold As-Is. Bring your contractor and your vision to unlock the immediate equity in this Lima classic - don't let this one slip through the cracks!
Location
State OH
County Allen
Body of Water Public
Rooms
Basement Block, Other, Unfinished
Dining Room Kitchen/Dinette, Living/Dining Room Combo
Kitchen Wood Cabinets, Laminate Counters
Interior
Heating Forced Air
Cooling None
Flooring Vinyl, Carpet, Laminate
Fireplace No
Appliance Gas Water Heater, Range
Exterior
Fence Fenced
Porch Porch
Building
Foundation Block, See Remarks
Sewer Public Sewer
Water Public
Architectural Style 2 Story
Structure Type Aluminum Siding
Schools
School District Lima
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Fair Market
Nearby Locations
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