208 Park Ave Canton, OH 44706

Property Details for 208 Park Ave

Year built

1924

Lot size

0.45 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a portfolio of four rental properties in Canton, Ohio, encompassing three single-family homes and one duplex, situated on a 0.45-acre lot. Currently, three out of four units are occupied, generating a robust monthly rental income of $4,006. A recently vacated unit is ready for immediate lease, projected to add over $1,000 to the monthly gross rent, exceeding $5,000. Tenants are responsible for all utilities except water and sewer at the duplex. This translates to a compelling cap rate exceeding 10% upon full occupancy. The properties have undergone significant cosmetic improvements, including fresh paint, new vinyl flooring and carpeting, and upgraded kitchens and bathrooms. This ensures a seamless transition for the new owner and attractive living spaces for tenants. The portfolio benefits from professional management, providing a turnkey solution for investors seeking a high-yield, low-maintenance investment with substantial growth potential. The property is located at 208 Park Avenue SW, Canton, OH and is offered at $445,000. This is a rare opportunity to acquire a well-maintained, cash-flowing portfolio in a desirable location.

Location Insight

City

Canton

County

Stark

State

Ohio

Longitude

-81.3952

Latitude

40.798