Description
Rare value-add opportunity in a highly desirable Lima location near Ottawa Reservoir. This 3 bedroom, 3 bathroom ranch offers 1,852 sq ft on the main level with an additional 1,683 sq ft full unfinished basement, creating the potential to finish into a 5 bedroom, 4 bathroom home depending on your layout. Originally designed with a functional ranch floor plan, the home is now approximately 90% demoed on the interior—providing a true blank slate for investors, builders, or buyers looking to customize from the ground up. Major capital improvements have already been completed, including a brand new roof, new siding, new windows, and a new furnace located in the garage. An AC unit is on-site and ready for install. The property also features a brand new poured concrete driveway with a large apron, along with a concrete patio off the sliding glass door—ideal for future outdoor living space. Positioned just minutes from Ottawa Reservoir, the location supports strong resale demand and long-term value. After repair value is estimated between $360,000-$385,000 depending on finish level and design execution. Property is being sold as-is. Cash or conventional financing only.
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3BEDS
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0.27ACRES
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2BATHS
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11/2 BATHS
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1,852SQFT
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$124$/SQFT
School Information
Description
Rare value-add opportunity in a highly desirable Lima location near Ottawa Reservoir. This 3 bedroom, 3 bathroom ranch offers 1,852 sq ft on the main level with an additional 1,683 sq ft full unfinished basement, creating the potential to finish into a 5 bedroom, 4 bathroom home depending on your layout. Originally designed with a functional ranch floor plan, the home is now approximately 90% demoed on the interior—providing a true blank slate for investors, builders, or buyers looking to customize from the ground up. Major capital improvements have already been completed, including a brand new roof, new siding, new windows, and a new furnace located in the garage. An AC unit is on-site and ready for install. The property also features a brand new poured concrete driveway with a large apron, along with a concrete patio off the sliding glass door—ideal for future outdoor living space. Positioned just minutes from Ottawa Reservoir, the location supports strong resale demand and long-term value. After repair value is estimated between $360,000-$385,000 depending on finish level and design execution. Property is being sold as-is. Cash or conventional financing only.
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Listing provided by Century 21 Sunway Realty : 260-573-5748. © 2026 NORIS. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.