120 Sturges Ave Mansfield, OH 44903-2399
This exceptional investment property, located at 120 Sturges Avenue in Mansfield, Ohio, presents a compelling opportunity for discerning investors. Situated just minutes from Ohio Health Mansfield Hospital, this property offers immediate income and significant long-term growth potential. The building comprises nine meticulously designed units, each equipped with individual utility submetering for efficient management and tenant cost control. This feature simplifies expense tracking and allows for straightforward billing. The property also includes valuable cold storage space located in the basement, adding to its versatility and potential rental income streams. Currently boasting an impressive 89% occupancy rate, this multi-family property demonstrates strong tenant demand and consistent cash flow. The property's prime location near a major hospital ensures a stable tenant base and minimizes vacancy risks. This is an ideal investment for both experienced real estate investors seeking portfolio expansion and newcomers looking for a solid, income-generating asset. The property's strong performance and convenient location make it a truly exceptional investment opportunity. The property sits on a lot with zero acres. The asking price is $399,900. Don't miss this chance to acquire a high-performing multi-family property in a desirable location.
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Colonial Office Building Medical Clinic
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Gardner Erica Employment Agency
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Hull Diane Employment Agency
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Dr. Sridhar R. Guduri, MD Physician
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Dr. Suri R. Suresh, MD Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.