Missy Harbin

2017 Fulton Road Nw
Canton, OH 44709

$499,900

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Listing Details

  • $499,900
  • MLS# 5214534
  • Type Commercial - Business
  • Status Active
  • 0.159 acres
    Lot Size
  • 1960
    Year Built
  • Canton City
    Local Schools

Home Value Estimate


Description

Excellent opportunity to acquire a fully occupied and extensively updated 6-unit multifamily property in a highly accessible Canton location just minutes from I-77, Route 62, shopping, dining, employment centers, and the Pro Football Hall of Fame. The property consists of four 2-bedroom/1-bath units and two 1-bedroom/1-bath units and is currently fully occupied primarily by long-term tenants, providing immediate and stable cash flow. Current annual gross income is approximately $58,000 with an estimated NOI of approximately $47,000, representing an attractive 9.4% cap rate at list price. Over the past two years, the property has undergone...read more

Features

  • Ceiling Fan(s), None
  • Baseboard, Electric
  • $6,390 / year Taxes
  • Public
  • Built in 1960

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