208 Park Ave SW 2 Unit Apartment Building $199,794 CAD ($99,897 CAD/Unit) Canton, OH 44706
INVESTMENT HIGHLIGHTS
- Income generating / fully occupied duplex
- Current Cap Rate - 10%+
- Grossing $1,950 per month in rental income
- Recently updated - newer vinyl plank flooring & carpet, fresh paint throughout
EXECUTIVE SUMMARY
Investor's Dream! This occupied Canton property is a fantastic opportunity to add a high-performing duplex to your portfolio. Recently updated and leased for $1950 ($975 per unit), this property boasts an impressive 10%+ cap rate with strong cash flow potential. One tenant is currently month to month and the second expires in August 2025. Updates include newer vinyl plank and carpet as well as fresh paint throughout. Enjoy a hands-off investment with a turnkey rental that’s already generating income. Don’t miss this opportunity! *Can be purchased with 1432 Louisiana Ave Nw, Canton, OH 44703, 1636 Gibbs Ave Ne, Canton, OH 44705 & 316 Young Ave Ne, Canton, OH 44704.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
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| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS Under Contract
| Price | $199,794 CAD |
| Price Per Unit | $99,897 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,304 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1924 |
AMENITIES
UNIT AMENITIES
- Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 2 | $1,353 CAD | - |
1 of 1
Walk Score®
Very Walkable (72)
CONTACTS
-
Ted Shoaf -
Tal Tamir -
Russell Real Estate Services
