609 Cleveland AveCanton, OH 44702

For Sale
$389,900

High-yield 16-unit apartment building.

Overview

Added:
Feb 3
Days on market:
38
Attention investors! This exceptional Canton, OH multifamily property presents a compelling investment opportunity. Located at 609 Cleveland Avenue SW, this 16-unit building offers a strong cash flow, currently generating approximately $4,500 per month in rental income. The property comprises nine one-bedroom units and seven studio units, situated on a 0.17-acre lot. Eight units are currently occupied, indicating a high occupancy rate and immediate return on investment. The existing rental income provides a solid foundation, with potential for further revenue growth through lease adjustments and increased occupancy. This property is ideally suited for investors seeking a stable, cash-flowing asset with significant upside potential. The building's location in Canton offers convenient access to local amenities and transportation. This is a rare opportunity to acquire a well-maintained multifamily property in a desirable location. The property is priced at $389,900, representing a strong value proposition for discerning investors. Don't miss this chance to expand your portfolio with a proven performer. Serious inquiries only.

Property Details for 609 Cleveland Ave

Property type
Residential income properties, Multifamily properties
Year Built
1936
Lot Size (sq. ft)
7,405 SF

Location Insight

City
Canton
County
Stark
State
Ohio
Latitude
40.79511
Longitude
-81.37823
609 Cleveland Ave, Canton, Ohio

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609 Cleveland Ave
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