4511 Tioga St Canton, OH 44708
- Apartment buildings
- 3,656 SF
- 0.27 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 4511 Tioga St
- Year built
- 1952
- Lot size
- 0.27 lot acres
- Property size
- 3,656 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Canton
- County
- Stark
- State
- Ohio
- Longitude
- -81.42907
- Latitude
- 40.79947
