225-227 Hillside CirMansfield, OH 44907

For Sale
$1,100,000

18-Unit Apartment Complex, High Potential

Overview

Added:
Feb 3
Days on market:
39
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 Details for 225-227 Hillside Cir

Property type
Residential income properties, Multifamily properties
Square Feet
22,584 SF
Year Built
1965
Lot Size (sq. ft)
19,602 SF

Location Insight

City
Mansfield
County
Richland
State
Ohio
Latitude
40.74125
Longitude
-82.50674
225-227 Hillside Cir, Mansfield, Ohio

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225-227 Hillside Cir
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