Current Use by Public Records
- Apartment buildings
Property Details for 225-227 Hillside Cir
- Year built
- 1965
- Lot size
- 0.45 lot acres
- Property type
- Apartment buildings
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mansfield
- County
- Richland
- State
- Ohio
- Longitude
- -82.5067
- Latitude
- 40.7412
