Log In/Sign Up
Your email has been sent.
Sunset Blvd Apartments 733-793 Sunset Blvd 97 Unit Apartment Building $7,500,000 ($77,320/Unit) 3.99% Cap Rate Mansfield, OH 44907
Investment Highlights
- 95% OCCUPIED
- STABILIZED ASSET
- 97 UNITS
Executive Summary
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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$852,241
|
$10.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$852,241
|
$10.02
|
| Taxes |
$71,359
|
$0.84
|
| Operating Expenses |
$481,772
|
$5.67
|
| Total Expenses |
$553,131
|
$6.50
|
| Net Operating Income |
$299,110
|
$3.52
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $852,241 |
| Annual Per SF | $10.02 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $852,241 |
| Annual Per SF | $10.02 |
| Taxes | |
|---|---|
| Annual | $71,359 |
| Annual Per SF | $0.84 |
| Operating Expenses | |
|---|---|
| Annual | $481,772 |
| Annual Per SF | $5.67 |
| Total Expenses | |
|---|---|
| Annual | $553,131 |
| Annual Per SF | $6.50 |
| Net Operating Income | |
|---|---|
| Annual | $299,110 |
| Annual Per SF | $3.52 |
Property Facts
| Price | $7,500,000 | Building Class | C |
| Price Per Unit | $77,320 | Lot Size | 6.90 AC |
| Sale Type | Investment | Building Size | 85,040 SF |
| Cap Rate | 3.99% | Average Occupancy | 95% |
| No. Units | 97 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.2/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | MULTI FAMILY | ||
| Price | $7,500,000 |
| Price Per Unit | $77,320 |
| Sale Type | Investment |
| Cap Rate | 3.99% |
| No. Units | 97 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.90 AC |
| Building Size | 85,040 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2025 |
| Parking Ratio | 2.2/1,000 SF |
| Zoning | MULTI FAMILY |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Washer/Dryer Hookup
- Refrigerator
- Range
- Yard
Site Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 600 - 604 |
| 2+1 | 49 | - | 850 |
| 3+1 | 24 | - | 1,100 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Total Assessment | $520,800 | |
| Land Assessment | $58,120 | Annual Taxes | $71,359 ($0.84/SF) |
| Improvements Assessment | $462,680 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$58,120
Improvements Assessment
$462,680
Total Assessment
$520,800
Annual Taxes
$71,359 ($0.84/SF)
Tax Year
2025
1 of 26
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
Sunset Blvd Apartments | 733-793 Sunset Blvd