BEDS3
BATHS1 full
SQUARE FEET1,248
MLS#5232205
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONMansfield
SCHOOLMansfield City
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.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Full
Cooling: None
Heating: Forced Air, Gas
Home Style: Conventional
Lot Size: 0.08 Acres
Roof Type: Metal
Stories: 2.0
Taxes: $188 / year
Year Built: 1935
Feature Descriptions
Exterior: Vinyl Siding
Laundry: In Basement
Parcel#: 027-03-003-16-000
Parking: On Street
Patio/Porch: Covered, Porch
Sewer: Public Sewer
Water: Public
Local Schools
School District: Mansfield City
Listed By / Shown By
Listed By
Agency Name: RE/MAX First Realty, LLC
Agency Contact: 4realestate.kristin@gmail.com, 419-496-1530
Shown By
Agency Title: Tanner Real Estate
Agency Phone: 330.823.8880
Estimate Your Payment
Estimated Payment
$ 209.49 per month $171.37 Principal & Interest $15.67 Property Tax $22.46 Homeowner's Insurance
605 Heineman Boulevard | MLS# 5232205
This single family home located at 605 Heineman Boulevard, Mansfield, OH 44903 is currently listed for sale with an asking price of $77,000. This property was built in 1935 and has 3 bedrooms and 1 full baths with 1248 sq. ft. Heineman Boulevard is located in the Mansfield subdivision within the Mansfield City school district. Search Mansfield real estate on www.tannerrealestate.net today.