Property summary
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 profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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