136 S West St, Lima, OH 45801

For Sale: Value-Add SRO Housing with Redevelopment Potential

Property Overview:

This property presents a unique opportunity for investors seeking positive monthly cash flow with significant upside potential. The site consists of 66 units of Section 8 Single Resident Occupancy (SRO) housing, currently configured in a dorm-room style, catering to all male tenants.

• Total Building Area: 66,000 SF

• Occupied Area: Approximately 10,000 SF

• Occupancy: 55 out of 66 units are currently rented

Financial Highlights:

• Positive Monthly Cash Flow

• Steady income stream from Section 8 tenants

Value-Add Opportunity:

• Tremendous potential for redevelopment and housing expansion to maximize the use of the 66,000 SF.

• Significant portion of the building (approximately 56,000 SF) is currently underutilized, offering a blank canvas for innovative housing solutions or additional amenities.

Location Advantages:

• Proximity to a revitalized downtown area enhances tenant appeal and long-term property value. New restaurants, Retail, and an open-air Amphitheater 2-3 blocks away.

Additional Parcels Included:

The offering also includes several adjacent parcels, currently serving as 57 parking spaces for the building

Investment Summary:

This property is ideal for investors looking to capitalize on:

• Existing cash flow

• Substantial value-add through redevelopment

• Strong demand for affordable housing solutions

Don't miss this chance to transform a well-located property into a premier housing destination!