1612 Cleveland Avenue Nw, Canton, OH 44703

$254,900
  • 1612 Cleveland Avenue Nw, Canton, OH 44703 Main Photo
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BEDS6 BATHS4 full MLS#5253517
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCanton SCHOOLCanton City

Property Description

Extremely high cash-flow multifamily investment opportunity! Seller previously netting over $1,000/month after ALL operating expenses and debt service. See Seller's full historical financials and tenant leases in the supplements. Seller is strategically consolidating their portfolio, selling smaller residential assets to pursue larger commercial acquisitions. Property will be delivered turnkey vacant at closing, allowing buyers to establish their own market rents, select tenants, and maximize income potential. Well-maintained and extensively improved property with significant capital expenditures already completed! Current ownership has invested substantially in major mechanical, structural, and interior improvements, providing peace of mind and minimizing immediate maintenance concerns. Recent Capital Improvements & Highlights: -Basement Waterproofing: Extensive waterproofing improvements and installation of a sump pump. -Electrical Upgrades: Updated electrical weatherhead and associated connections. -Interior Renovations: Upgraded flooring and modern cosmetic finishes throughout the units. -Mechanical Systems: Newer furnaces and water heaters, including a water heater replacement in 2025. -Separate Utilities: Individually metered gas and electric for improved expense management. -Vinyl Windows: Vinyl windows throughout the property. I deal for Local & Out-of-State Investors! Existing property management resources are available to assist with tenant placement, leasing, and ongoing management, offering a hands-off investment opportunity. With exceptional historical cash flow, major capital improvements already completed, separately metered utilities, and the flexibility to establish new rents, this property offers outstanding income potential. Schedule your showing today and capitalize on this turnkey, high-cash-flow investment opportunity!

1612 Cleveland Avenue Nw | MLS# 5253517

This multi-family property located at 1612 Cleveland Avenue Nw, Canton, OH 44703 is currently listed for sale with an asking price of $254,900. Cleveland Avenue Nw is located within the Canton City school district. Search Canton real estate on www.sulekandexperts.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Cooling: None
Heating: Forced Air
Lot Size: 0.17 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $1,937 / year
Year Built: 1900

Feature Descriptions

Exterior: Brick
Parcel#: 00217259
Parking: Driveway
Sewer: Public Sewer
Water: Public
Window: Double Pane Windows

Local Schools

School District: Canton City

Listed By / Shown By

Listed By

Agency Name: Home Equity Realty Group
Agency Contact: garrett.rowan@heqrealty.com; 803-992-1429

Shown By

Agency Title: Sulek & Experts Real Estate
Agency Phone: (740)699-0909

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Estimated Payment

$ 803.06 per month $567.30 Principal & Interest $161.42 Property Tax $74.35 Homeowner's Insurance

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