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120 Sturges Ave Mansfield, OH 44903

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For Sale
$399,900

Nine-unit property near Ohio Health

Property Features for 120 Sturges Ave

General Information

Property type
Other commercial real estate

Building Details

Year Built
1961

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Listing Contact
John Pavlansky
John Pavlansky

Listing Agency: Dream Huge Realty LLC Listing Agent: John Pavlansky

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Colonial Office Building Medical Clinic Gardner Erica Employment Agency Hull Diane Employment Agency Dr. Sridhar R. ... Physician Dr. Suri R. ... Physician

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Mansfield
County
Richland County
State
Ohio
Longitude
-82.52396
Latitude
40.75541

FAQs

What type of property is this?
Commercial real estate - Nine-unit property near Ohio Health
Where is this commercial real estate located?
The property is located at 120 Sturges Ave Mansfield, OH.
What is the asking price?
The asking price for this property is $399,900.
More about this property
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