605 Heineman Boulevard, Mansfield, OH 44903
- $77,000
- 3
- BD
- 1
- BA
- 1,248
- SqFt
- List Price
- $77,000
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- 5232205
- Subtype
- Residential
- Style
- Conventional
- Year Built
- 1935
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 1,248
- Acres
- 0.08
- Subdivision
- Mansfield
- Neighborhood
- Mansfield
- MLS Area Major
- Mansfield
Property Description
Cash-flow opportunity with built-in upside! Whether you're expanding your rental portfolio, utilizing a DSCR loan, completing a 1031 exchange, or searching for your next buy-and-hold investment, this income-producing property deserves a look. This property offers immediate rental income while presenting significant value-add potential. Current rent is well below market, giving the next owner the opportunity to increase cash flow over time as leases renew or turnover occurs with forced appreciation. PERFECT for a DSCR or BRRRR investment! This property boasts a GRM of aprox 8.56, making it an attractive option for investors focused on long-term returns and portfolio growth. Strong rental demand in the Mansfield market further enhances its investment appeal. Whether you're a seasoned investor or purchasing your first rental, this is an excellent opportunity to acquire an affordable income-producing asset with both current cash flow and future appreciation potential. Showing available after accepted offer. DO NOT DISRUPT TENANTS.
Additional Information
- Taxes
- $188
- Property Description
- Conventional
- Heating
- Forced Air, Gas
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Metal
- Parking Features
- On Street
- School District
- Mansfield CSD - 7006
Listing Courtesy of: Kristin Horst, 4realestate.kristin@gmail.com With RE/MAX First Realty, LLC
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