Danielle Wolfe
BEDS2
BATHS1 full
SQUARE FEET1,060
MLS#20100185
STATUSActive
PROPERTY TYPEResidential - Single Family
SCHOOLMansfield City
Property 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.
Property Features
Property Type: Residential - Single Family
Basement: Full, Sump Pump
Basement: Yes
Cooling: None
Heating: Forced Air, Natural Gas
Lot Size: 0.18 Acres
Roof Type: See Remarks
Stories: 2.0
Taxes: $581
Year Built: 1938
Feature Descriptions
Additional Structures: None
Appliances: None
Exclusions: Tenant Posessions/All Personal Property
Exterior: See Remarks
Exterior: Vinyl Siding
Financing: 1031 Exchange, Cash, Conventional, Other
Flooring: See Remarks
Garage Y/N: Yes
Interior: See Remarks
Lot: None, City Lot
Lot Dimensions: 50 x 160
Parcel #: 0270506605000
Parking: Detached, Garage, Other
Parking Total: 0
Patio/Porch: Covered
Rooms Total: 5
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: Danielle Wolfe
Agent Phone: Cell: (614) 679-8034
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 560.44 per month $486.65 Principal & Interest $48.42 Property Tax $25.38 Homeowner's InsuranceChange Payment Information
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Agent License Information: Brokerage/Company License Number: REC.2010002888
426 Fourth Ave. | MLS# 20100185
This single family home located at 426 Fourth Ave., Mansfield, OH 44905 is currently listed for sale with an asking price of $87,000. This property was built in 1938 and has 2 bedrooms and 1 full baths with 1060 sq. ft. Fourth Ave. is located within the Mansfield City school district. Search Mansfield real estate on daniellewolfe.ikeyrealty.com today.