Active

0 Ruth

Lima, OH 45801

$40,000

MLS #310664

Listing courtesy of CCR Realtors · Dawn Iiames · Source: WCAR MLS

Type

Multi-Family

About this home

This large lot in Elida School District is just off of Robb Ave. It has been zoned R2, so therefore you can build a multi-family building, You will also receive a 10 year tax abatement of 50% on the improvement, you would apply before occupancy certificate. This is a beautiful wooded lot. So keep the shade trees you want and build your dream home or investment property. Public utilities are available at the street for tap in.

Property details

Lot size: 1 acres
Listed: 6/26/2026
Listing office: CCR Realtors
Listing agent: Dawn Iiames
ZIP: 45801
Status: Active

Listing information

Listing courtesy of CCR Realtors · Dawn Iiames · Source: WCAR MLS

MLS #310664 · Source: WCAR MLS

IDX information is provided by the West Central Association of REALTORS® MLS (WCAR MLS) and MLS Now exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Information is deemed reliable but is not guaranteed accurate by the MLS, and properties may no longer be available. Each listing is identified with the name of its listing brokerage.

Investment property loan estimator

Purchase priceDown payment — 25% ($10,000)

Interest rate

Loan term

Property tax

%/yr

Insurance

HOA / fees

Estimated monthly

$433

per month, all-in

Principal & interest: $205
Property tax: $53
Insurance: $175

2–4 unit investment properties typically require 20–25% down for non-owner-occupied financing. Owner-occupied house-hacking (live in one unit) may qualify for 3.5–5% down with FHA/conventional. Estimates only.