This 3-bedroom, 1.5-bath home offers 1,230 sq ft of living space and is priced at just $40,000, presenting an excellent opportunity for both homeowners and investors.
For the owner-occupant, this property provides an affordable path to homeownership with plenty of room to add your own style and updates. With some renovations, it can be transformed into a comfortable and personalized home with a fenced yard, off-street parking, and ample living space "” all at a fraction of the cost of renting or buying a move-in ready home.
For the investor, this property represents a strong value-add opportunity. With cosmetic upgrades and improvements, it can be quickly brought to rental standards, offering solid cash flow potential in Lima's rental market. At this price point, there's room to build equity while creating long-term income.
Whether you're looking for a budget-friendly primary residence or your next investment project, 1008 Fairview Ave is a versatile option with tremendous upside.
Property Type(s):
Single Family
Last Updated
|
9/3/2025
|
Tract
|
Jane W Holmes Tenth Sub
|
Year Built
|
1920
|
County
|
Allen
|
Additional Details
AIR |
Central Air |
AIR CONDITIONING |
Yes |
BASEMENT |
Partial, Yes |
CONSTRUCTION |
Frame |
HEAT |
Forced Air |
LOT |
5532 sq ft |
LOT DIMENSIONS |
41x135 |
PARKING |
No Garage |
STORIES |
1.5 |
SUBDIVISION |
Jane W Holmes Tenth Sub |
ZONING |
Residential |
Location
Listing provided by Austin McClain, REAFCO

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