Rick McMaken
BEDS3
BATHS1 full
SQUARE FEET1,248
MLS#20100184
STATUSActive
PROPERTY TYPEResidential - Single Family
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. DO NOT DISRUPT TENANT
Property Features
Property Type: Residential - Single Family
Basement: Full, Sump Pump
Basement: Yes
Cooling: None
Heating: Forced Air, Natural Gas
Lot Size: 0.08 Acres
Roof Type: Metal
Stories: 2.0
Taxes: $188
Year Built: 1935
Feature Descriptions
Additional Structures: None
Appliances: None
Exterior: Vinyl Siding
Exterior: None
Financing: 1031 Exchange, Cash, Conventional
Flooring: See Remarks
Garage Y/N: Yes
Interior: See Remarks
Lot: None, City Lot
Lot Dimensions: 40 x 86
Parcel #: 0270300316000
Parking: Other
Parking Total: 0
Patio/Porch: Covered, Porch
Rooms Total: 6
Sewer: Public Sewer
Structure Type: Onsite Built
Water: Public
Local Schools
School District: Mansfield City
Listed By / Shown By
Listed By
Agency Name: RE/MAX First Realty
Agent Name: The Justin Gerwig Team
Agency Phone: 419-756-4663
Shown By
Agent Name: Rick McMaken
Agent Phone: Cell: (937) 405-7417
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 468.84 per month $430.72 Principal & Interest $15.67 Property Tax $22.46 Homeowner's InsuranceChange Payment Information
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605 Heineman Blvd | MLS# 20100184
This single family home located at 605 Heineman Blvd, 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 Blvd is located within the Mansfield City school district. Search Mansfield real estate on www.showingmorehomes.com today.