Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1960
Sq.Footage
5,544
Excellent opportunity to acquire a fully occupied and extensively updated 6-unit multifamily property in a highly accessible Canton location just minutes from I-77, Route 62, shopping, dining, employment centers, and the Pro Football Hall of Fame. The property consists of four 2-bedroom/1-bath units and two 1-bedroom/1-bath units and is currently fully occupied primarily by long-term tenants, providing immediate and stable cash flow. Current annual gross income is approximately $58,000 with an estimated NOI of approximately $47,000, representing an attractive 9.4% cap rate at list price. Over the past two years, the property has undergone significant capital improvements including extensive renovations to four units, all new electrical panels, extensive plumbing updates, new secure entry doors with keypad access, updated paint and flooring in the common hallways, many newer appliances, all new screen doors, a coin-operated Speed Queen washer and dryer, and replacement of the hot water tank heating elements in 2025. Additional features include covered off-street parking, an all-electric setup with tenants responsible for electric utilities, and minimal exterior maintenance with no lawn upkeep required. With strong cash flow, stable occupancy, and recent major system upgrades, this property presents an excellent opportunity for both experienced and first-time multifamily investors. Rent roll and T-12 financials available upon request.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None, Ceiling Fan(s)
-
Heating YN
YES
-
Heating
Baseboard, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Attached Carport, Concrete, Covered, Carport, Direct Access, Driveway, Parking Lot, Parking Pad
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1588
-
Property Type
Commercial Sale
-
Property Sub Type
Apartment
Price
-
Sales Price
$499,900
-
Tax Amount
$6,390
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Canton CSD - 7602
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
Stark
Elementary School
Canton CSD - 7602
Middle School
High School
Listing Courtesy of Amanda Shafer , RE/MAX Trends Realty
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
AGENT
Tylier Dawley
Call Tylier today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.