WOOD STREET
140 Wood St.
Mansfield, OH 44903
UNDER CONTRRACT
40 Units | 1973 Year Built
Investment Highlights:
Charles Hart Multifamily Group is pleased to present Wood Street, a 40-unit apartment community located in Mansfield, OH. The property was originally built in 1973 and is comprised of one residential building nestled on a quarter acre. Wood Street provides an excellent opportunity to acquire a stable, well-located asset, with very little deferred maintenance and upside potential.
Wood Street consists of predominately one-bedroom units with 473 square feet of living space. All units have undergone a renovation and feature updated cabinetry, countertops, fixtures, as well as luxury vinyl plank flooring. The community features include a large surface parking lot, secure entryway, video surveillance, and a laundry facility. The units are all electric which the tenant pays. Currently the owner pays for water/sewer and trash removal but has recently implemented a RUBS program (Guardian) for water. Once implemented, all of the month-to-month tenants will be immediately enrolled into the program leaving only those in a lease remaining.
A new owner will immediately benefit from the capital infusion over the past three years since current ownership purchased the property. In total, more than $750,000 has been spent at the property since 2021 including a new roof, vinyl windows, new siding, upgrading entryways/security, replacement of a majority of the parking lot and catch basin, building a retaining wall, and renovating the laundry facility. In addition to the exterior capital projects, all 40 units have been renovated since current ownership purchased the building as well
Location Highlights:
The property is conveniently located in Mansfield just off of Wood Street and is less than a mile to OH-42, Main Street, and the Ohio Health Mansfield Hospital. The property’s location provides tenants with easy access to all of the area’s employment, shopping, and dining. Additionally, Interstate-71 is 5 miles from the property providing access to the rest of the greater Ohio area. Mansfield is situated 65 miles northeast of Columbus and 81 miles southwest of Cleveland.
Wood Street Offering Documents
Please read the confidentiality agreement and buyer registration before filling out the form to view additional offering materials.
CHARLES HART REAL ESTATE MULTIFAMILY GROUP
HOME OPPORTUNITIES CLOSED TRANSACTIONS ABOUT ADVANTAGE CONTACT
Confidentiality and disclaimer agreement: The information contained in the following is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Charles Hart Real Estate LLC and should not be made available to any other person or entity without written consent of Charles Hart Real Estate LLC. Marketing Brochures have been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in a given subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Charles Hart Real Estate LLC has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the Presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in a Marketing Brochure has been obtained from sources we believe to be reliable, however, Charles Hart Real Estate LLC has not verified, and will not verify, any of the information contained herein, nor has Charles Hart Real Estate LLC conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
Listing disclaimer: Charles Hart Real Estate LLC is not affiliated with, sponsored by, or endorsed by any commercial tenant or lease identified in this marketing brochure. The presence of any corporation logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by said corporation and Charles Hart Real Estate LLC or any of its agents and is solely included for the purpose of providing information about a listing to prospective customers.
