208 Park AveCanton, OH 44706

For Sale
$445,000

High-Yield Rental Portfolio in Canton, OH

Overview

Added:
Feb 3
Days on market:
38
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.

Property Details for 208 Park Ave

Property type
Other commercial real estate
Year Built
1924
Lot Size (sq. ft)
19,602 SF

Location Insight

City
Canton
County
Stark
State
Ohio
Latitude
40.79796
Longitude
-81.3952
208 Park Ave, Canton, Ohio

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208 Park Ave
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