733-793 Sunset Blvd - Apartments FOR SALE


Mansfield, OH 44907
$7,500,000 USD
419-566-8637
733-793 Sunset Blvd, Mansfield, OH for Sale
$7,500,000 USD
Apartments - FOR SALE
1/26
null | 3.99% Cap Rate

733-793 Sunset Blvd
Mansfield, OH 44907


HIGHLIGHTS

  • 95% OCCUPIED
  • 97 UNITS
  • STABILIZED ASSET

OVERVIEW

Exceptional opportunity to acquire the Sunset Blvd Apartments, a well-maintained 97-unit multifamily community in a highly convenient location. The property features a desirable unit mix of 24 one-bedroom/one-bath, 49 two-bedroom/one-bath, and 24 three-bedroom/one-bath apartments, appealing to a broad tenant base. Many units have been updated with durable luxury vinyl plank flooring and each apartment includes washer/dryer hookups plus a private patio or balcony. Residents enjoy beautifully maintained, lush landscaping that enhances curb appeal and community appeal. With strong rental demand, attractive amenities, and value-add potential, Sunset Blvd Apartments offers an outstanding opportunity for investors seeking stable cash flow and long-term appreciation. Appraised for $7.2m in 2023. Listing Agent is owner.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

97

PRICE/UNIT

$77,320

CAP RATE

3.99%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunset Blvd Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

108

LAND DETAILS

LAND ACRES

6.9 AC

LAND SF

300,564 SF

ZONING

MULTI FAMILY

APN/PARCEL ID

027-07-179-11-000,027-07-179-12-000,027-07-179-13-000,027-07-179-14-000,027-07-179-15-000,027-07-179-16-000,027-07-179-17-000

ASK ABOUT THIS PROPERTY

Peter PetersonDream Huge RealtyMore Info
419-566-8637

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

Peter PetersonDream Huge RealtyMore Info
419-566-8637

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