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$ 385,000
Est. payment | /mo
0.36 Acres Lot
$ 385,000
Est. payment | /mo
0.36 Acres Lot
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Chance
MLS Listing ID 5183058
HOA Y/N No
Year Built 1916
Annual Tax Amount $5,010
Tax Year 2025
Lot Size 0.359 Acres
Acres 0.359
Property Sub-Type Apartment
Property Description
Five single-family rentals offered at just $77,000 per door with massive value-add upside. Three homes are tenant-occupied at $1,000/month each, while two vacant properties are ready for renovation and repositioning. Invest approximately $60,000 in strategic capex across the two vacant units, lease at market rents, and this portfolio delivers $72,000 in gross income, $49,200 NOI, and a 12.78% cap rate. The properties include 796 Sherman, 2465 28th St, 316 Young, 1636 Gibbs, and 1432 Louisiana. Solid craftsman-style construction, hardwood floors, and spacious layouts attract quality long-term tenants. Geographic diversification across Akron and Canton provides stability across two of Northeast Ohio's strongest rental markets. At $385,000 for 5 homes, you're buying well below replacement cost with built-in upside!
Location
State OH
County Stark
Interior
Heating Forced Air, Gas
Fireplace No
Exterior
Present Use Multi-Family
Schools
School District Canton Csd - 7602
Others
Tax ID 00225332
Special Listing Condition Standard
Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com, 216-870-8687
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