631-704-2257
135 E Cook Rd, Mansfield, OH for Sale
Apartments - FOR SALE
1/37
null | Request Cap Rate

135 E Cook Rd
Mansfield, OH 44907


HIGHLIGHTS

  • Robust Average Trailing Occupancy of 98%
  • Over $1.8M in CapEx Since 2021 – 100% of Roofs Replaced in 2022/2023
  • Recent Lease Trade Outs Averaging +8.5%
  • Organic NOI Upside Potential Exceeding $338K
  • Desirable Submarket with ZERO New Supply Since 2020
  • Strong Connectivity to Diverse Employer Base

OVERVIEW

Pine Bridge is a 180-unit apartment community located in Mansfield, OH. The property has consistently demonstrated exceptional performance, with near-full occupancy and steady income growth supported by resilient renter demand. This strength reflects both the community’s appeal and the stability of the Mansfield submarket, where the supply story is limited, and occupancy remains high. Strategically located only 3 miles from I-71, the property offers seamless access to Cleveland and Columbus in a cozy small-city setting. Pine Bridge has also benefited from $1.8M in recent capital improvements, positioning a new owner to achieve reliable returns at a compelling discount to replacement cost, without the burden of costly deferred maintenance. This property is available free and clear or as a loan assumption.

FOR SALE DETAILS

PRICE

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# OF UNITS

180

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pine Bridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

MF- Multi-Family

APN/PARCEL ID

028-90-122-15-000

ASK ABOUT THIS PROPERTY

Carter StephensNewmarkMore Info
631-704-2257

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Carter StephensNewmarkMore Info
631-704-2257

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.