Description
Turnkey investment opportunity with immediate cash flow! NEW ROOF COMING AUGUST 2026. This tenant-occupied property is already leased through the Metro Housing/Section 8 program, providing reliable rental income from day one. The current lease is in place through December 31, 2026, offering investors the security of a long-term tenant and consistent cash flow without the hassle of finding a renter. Whether you're looking to add to your portfolio, complete a 1031 exchange, or purchase your first investment property, this is a fantastic opportunity to own an income-producing asset with an established rental history. This property presents an attractive return potential with an aprox 15.17% gross rental yield and a GRM of around 6.59! Don't miss your chance to secure a performing rental with immediate income and a lease already in place! No showings without accepted offer. DO NOT DISRUPT TENANTS.
Details
| MLS # | 20100185 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1938 |
| Days On Site | 25 |
| Listing Provided By | RE/MAX First Realty | The Justin Gerwig Team |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,060 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.18 |
Taxes
| Property | 581 |
|---|
Area Information
| State | OH |
|---|---|
| County | Richland |
| City | Mansfield |
| Zip Code | 44905 |
| School District | Mansfield City School District |
| Elementary School | Mansfield City School District |
| High School | Mansfield City School District |
| Listing VS Median (in 44905) | |
Price: $87,000 low | high Med: $199,900 sqft: 1,060 low | high Med: 1,008 $ / sqft: $82 low | high Med: $198 On site: 25 low | high Med: 12 | |
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Learn More About This Property
| State | OH |
|---|---|
| County | Richland |
| City | Mansfield |
| Zip Code | 44905 |
| School District | Mansfield City School District |
| Elementary School | Mansfield City School District |
| High School | Mansfield City School District |
| Listing VS Median (in 44905) | |
Price: $87,000 low | high Med: $199,900 sqft: 1,060 low | high Med: 1,008 $ / sqft: $82 low | high Med: $198 On site: 25 low | high Med: 12 | |
