This tenant-occupied 2-bedroom, 1-bath single-family home offers approximately 945 sq ft of living space and steady cash flow potential. Currently rented at $600 per month, the property is below market rent, presenting an opportunity for increased returns over time. The home includes a functional floor plan and off-street parking. Conveniently located near schools, parks, shopping, and major roads, it offers easy access for tenants and reliable long-term rental appeal. Whether you're acquiring your first investment or expanding an existing portfolio, this property provides consistent income with upside in the Lima rental market.
For sale
$70,750
508 N Collett St, Lima, OH 45805
2beds
945sqft
Est.:
Single Family Residence
Built in 1920
3,484.8 Square Feet Lot
$-- Zestimate®
$75/sqft
$-- HOA
What's special
Functional floor planOff-street parking
- 80 days
- on Zillow |
- 43 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: July 09, 2025 at 02:16pm
Listed by:
Key Realty
Source: MAR,MLS#: 9066802

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Other-See Remarks
Primary bedroom
- Level: Upper
- Area: 100
- Dimensions: 10 x 10
Bedroom 2
- Level: Main
- Area: 100
- Dimensions: 10 x 10
Kitchen
- Level: Main
- Area: 40
- Dimensions: 5 x 8
Living room
- Level: Main
- Area: 100
- Dimensions: 10 x 10
Heating
- Baseboard
Cooling
- Wall Unit(s)
Appliances
- Laundry: Other
Features
- Basement: Partial
- Has fireplace: Yes
- Fireplace features: Other
Interior area
- Total structure area: 945
- Total interior livable area: 945 sqft
Video & virtual tour
Property
Parking
- Parking features: Garage Detached, Gravel
- Has garage: Yes
- Has uncovered spaces: Yes
Features
- Levels: One and One Half
- Stories: 2
- Entry location: Main Level
- Exterior features: Other
Lot
- Size: 3,484.8 Square Feet
- Dimensions: 3484.8
- Features: City Lot
Details
- Parcel number: 36251212018.000
- Special conditions: Sold As Is
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Composition
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Lima
Financial & listing details
- Price per square foot: $75/sqft
- Tax assessed value: $36,300
- Annual tax amount: $724
- Date on market: 4/29/2025
- Listing terms: Cash,Conventional,FHA
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