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225-227 Hillside Cir Mansfield, OH 44907

OFF-MARKET Apartment buildings Google Maps
22,584 SF 0.45 ac lot Built 1965
Estimated value
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Property ID

Property summary

AI-generated overview

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

Verified
Property type Apartment buildings
Year built 1965
Total area 22,584 SF
Lot 0.45 ac (19,602 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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