Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 0 Canton Oh
- Property type
- Apartment buildings
Description
This exceptional 22-unit apartment building presents a compelling investment opportunity in Canton, Ohio. Priced at $2,500,000, this Class B multifamily property boasts a strong 10% capitalization rate. Currently operating at 0% vacancy, the property benefits from a professional property management vendor responsible for all day-to-day operations, including rent collection, maintenance requests, tenant issues, utility transfers, and inspections/evictions. A 5% maintenance and property management fee is included in the net operating income (NOI). All 22 units have undergone renovations within the last 6-15 months, ensuring a high-quality tenant experience. The property is fully compliant with City of Canton approvals. An offering memorandum is available upon completion of a non-disclosure agreement. This turnkey investment offers a stable income stream and significant potential for future growth in a desirable Ohio market. Located in Stark County, Ohio, with the address in Canton, OH 44705, this property is strategically positioned for success. The property's strong performance and recent renovations make it an attractive option for investors seeking a reliable and profitable addition to their portfolio. Detailed financial information is available in the offering memorandum.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Canton
- County
- Stark
- State
- Ohio
- Longitude
- -81.3344
- Latitude
- 40.8295
