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    225-227 Hillside Cir Mansfield, OH 44907

    For Sale
    $1,100,000

    18-Unit Apartment Complex, High Potential

    Property size:
    22,584 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional investment opportunity encompasses two adjacent apartment buildings situated at 225-227 Hillside Circle in Mansfield, Ohio. The combined property boasts a total of 36 units, spread across two buildings on a 0.45-acre lot. Building 225 Hillside Circle features eighteen 1-bedroom, 1-bathroom units. Building 227 Hillside Circle offers a mix of eighteen units, including six 2-bedroom units and twelve 1-bedroom units. The total square footage across both buildings is 22,584 square feet. Currently, the buildings require cosmetic updates to maximize their rental potential. This presents a unique chance for an investor to add value through renovations and capitalize on the strong rental demand in the Mansfield area. The asking price is $1,100,000, reflecting a compelling value proposition for a quick sale. The seller demonstrates flexibility and is open to exploring various financing options, including short-term financing, master lease agreements, or potential partnerships. However, a cash purchase is the ideal scenario. This rare opportunity allows for significant future profit potential with the right investment strategy. A thorough assessment of the property's potential is encouraged. Don't miss this chance to acquire a substantial multifamily property in a desirable location.

    Property Features for 225-227 Hillside Cir

    General Information

    Property type
    Residential income properties
    Square Feet
    22,584 SF
    Lot Size
    19,602 SF

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Richland
    State
    Ohio
    Longitude
    -82.50674
    Latitude
    40.74125

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    FAQs

    What type of property is this?
    Residential income property - 18-Unit Apartment Complex, High Potential
    Where is this residential income property located?
    The property is located at 225-227 Hillside Cir Mansfield, OH.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (330) 492-5550
    Request Owner's contact information
    225-227 Hillside Cir Mansfield, OH 44907
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    Mansfield, OH 44907
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    225-227 Hillside Cir Mansfield, OH 44907
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