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$ 445,000
Est. payment | /mo
0.45 Acres Lot
$ 445,000
Est. payment | /mo
0.45 Acres Lot
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Canton
MLS Listing ID 5093014
HOA Y/N No
Year Built 1924
Annual Tax Amount $2,511
Tax Year 2023
Lot Size 0.450 Acres
Acres 0.45
Property Description
Cash-Flowing Portfolio with Over 10% Cap Rate! This outstanding investment opportunity features a portfolio of three single-family homes and one duplex, with 3/4 properties being occupied; it currently brings in $4,006/month in rent with the final unit recently turned and ready to rent for an additional $1,000+ taking this to over $5,000/month in gross rents! Tenants cover all utilities except for water/sewer at the duplex. With the final unit rented, the new owner steps into an impressive 10%+ cap rate as-is! Most properties have received significant cosmetic updates, including fresh paint, vinyl flooring, carpet, and kitchen and bathroom upgrades, ensuring a smooth transition. Professionally managed for ease of ownership, this portfolio is a turnkey gem for investors seeking strong cash flow and growth potential!
Location
State OH
County Stark
Interior
Heating Forced Air, Gas
Fireplace No
Exterior
Present Use Multi-Family,Residential
Schools
School District Canton Csd - 7602
Others
Tax ID 00237886
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com 216-870-8687
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "