This Multifamily Property is Off-Market.

690 King St. Apt 1
Mansfield, OH 44903 ·

170 Units · Multifamily For Sale



Northwest Village Apartments

Price N/A Property Use Type Investment
No. Units 170 Commission Split 3%
Building Size 180,000 SF Cap Rate 11%
Property Type Multifamily Occupancy 94%
Property Sub-type Government Subsidized Lot Size 14 AC
Listing ID: 15804061 Date Created: 07/15/2008 Last Updated: 11/18/2009


Early 1970 Vintage Multi Family apartment complex. 170 units total, 70, 1 and 2 bedroom garden style, 100- 2 and 3 bedroom Townhomes. Most have section 8 vouchers, 40 units are under section 8 HAP contract. Great cash flow, low fixed costs and maintenance costs. Management is already in place and stays with the property. All units but 2 have been renovated. All maintenance items are done in house. 2007 Gross Rents 703,000. NOI 400k. 2008 income was 743k+ and expenses are approximately 275k. No prepayment penalty on the loan, and is a viable investment for FHA 223 F HUD or tax credit financing. More information available upon request. I am not a broker but will pay a commission to buyers broker.

Located in Mansfield, Ohio 44903. 690 King St Apt.1. From Columbus, Ohio 1 hour North off of 71, then 30 west (5 miles) to 39 (springmill) right on to King St.


690 King St. Apt 1, Mansfield, OH 44903 (Richland County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Mansfield Market Trends - Asking price index trends, sale price trends, asking rent trends

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)