854 W Wayne Street, Lima, OH

About 854 W Wayne Street

Looking for a solid addition to your portfolio or your next flip project? This 1914-built traditional two-story home in Lima offers the perfect 'bones' and the most desirable rental configuration: 3 Bedrooms and 2 Full Bathrooms. At 1,409 square feet, this property provides a substantial footprint that is easy to manage but large enough to command top-tier market rents or a strong resale price. This home features low-maintenance vinyl siding, allowing you to focus your renovation budget where it matters most--the interior. 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!

Listing Map