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Sunset Blvd Apartments 733-793 Sunset Blvd 97 Unit Apartment Building $10,552,500 CAD ($108,789 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,199,103
|
$14.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,199,103
|
$14.10
|
| Taxes |
$100,402
|
$1.18
|
| Operating Expenses |
$677,853
|
$7.97
|
| Total Expenses |
$778,255
|
$9.15
|
| Net Operating Income |
$420,848
|
$4.95
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,199,103 |
| Annual Per SF | $14.10 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,199,103 |
| Annual Per SF | $14.10 |
| Taxes (CAD) | |
|---|---|
| Annual | $100,402 |
| Annual Per SF | $1.18 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $677,853 |
| Annual Per SF | $7.97 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $778,255 |
| Annual Per SF | $9.15 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $420,848 |
| Annual Per SF | $4.95 |
Property Facts
| Price | $10,552,500 CAD | Building Class | C |
| Price Per Unit | $108,789 CAD | 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 | $10,552,500 CAD |
| Price Per Unit | $108,789 CAD |
| 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 | $730,125 CAD | |
| Land Assessment | $81,480 CAD | Annual Taxes | $100,402 CAD ($1.18 CAD/SF) |
| Improvements Assessment | $648,645 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$81,480 CAD
Improvements Assessment
$648,645 CAD
Total Assessment
$730,125 CAD
Annual Taxes
$100,402 CAD ($1.18 CAD/SF)
Tax Year
2025
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Sunset Blvd Apartments | 733-793 Sunset Blvd
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