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4511 Tioga St Canton, OH 44708

Sponsored
For Sale
$390,000

Six-unit apartment, strong rental history, 12% cap rate.

Property size:
3,656 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
This well-maintained six-unit apartment building at 4511 Tioga Street NW in Canton, OH, presents a compelling investment opportunity. The property sits on a 0.27-acre lot and offers a total of 3,656 square feet of living space. Each of the six units is a spacious one-bedroom, one-bathroom apartment, with two units conveniently located on each floor. This layout ensures tenant privacy and comfort. Individual furnaces and hot water tanks in each unit allow for efficient utility management, with tenants responsible for gas and electric. Landlord responsibilities include water, sewer, and trash services. The property boasts a strong rental history, generating a gross monthly rent of $4,100, which annualizes to $49,200. Currently, one unit is vacant and available for viewing by prospective buyers. The asking price is $390,000, representing a 12% capitalization rate. Financial details, including the current rent roll, are available upon request. This property offers investors a chance to acquire a stable, income-producing asset with minimal operational expenses, making it an attractive addition to any investment portfolio. The building's solid rental income and low vacancy rate contribute to its strong return on investment potential.

Property Features for 4511 Tioga St

General Information

Property type
Residential income properties
Square Feet
3,656 SF
Lot Size
11,761 SF

Building Details

Year Built
1952

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Canton
County
Stark
State
Ohio
Longitude
-81.42907
Latitude
40.79947

FAQs

What type of property is this?
Residential income property - Six-unit apartment, strong rental history, 12% cap rate.
Where is this residential income property located?
The property is located at 4511 Tioga St Canton, OH.
What is the asking price?
The asking price for this property is $390,000.
More about this property
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