Vision Sales Team

Colonial, Multiplex, Other

116 Maryland Avenue SW

Canton , OH 44710

MLS#: 5115444

$139,900

Status: Active
Listing number: 5115444
Listing provided by: EXP Realty, LLC.
Listing agent phone: None
Last update: a month ago
Browse Properties
Described Follows - Residential

Property

Beds

6

Full Baths

3

1/2 Baths

1

Year Built

1920

Sq.Footage

N/A

Investors! Take note of this money maker to add to your portfolio. At a 7.9% cap rate, this one makes sense. There is one parcel being sold and on that parcel you have a SFR home with 3 bedrooms, 1 bath, and a full basement. This home is currently rented for $850. Then, you have an adjacent duplex which recently became occupied with rent on the lower unit of $625 and the upper unit brings in $575. The lower unit has 1 bedroom, enclosed porch, and access to the full basement with laundry hookups. The upper unit has 2 bedrooms but does not have a laundry option. There is also an attached storefront (approx. 1,500 sq.ft.) which would make a great office space/storage unit and features 2 floors, half bath, and a garage door on one side for storing larger items. In the past, this was used as an office on the second floor and storage on the first floor. All of the hard work is done as the current owner recently rented all 3 units and they are all M2M. The annual income does not include the storefront which makes the investment even more appealing. The tenants pay all utilities. Owner takes care of the lawn, taxes, insurance, and any repairs. Across the street from the SFR, there is ample parking. The SFR has its own parking and there is more on the north side of the storefront if needed. What a great opportunity!

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    3

  • 1/2 Bathrooms

    1

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    N/A

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Main Level Bedrooms

    1

Exterior

  • Garage

    No

  • Construction Materials

    Wood Siding

  • Parking

    Additional Parking, Alley Access, Off Street, Other

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.0746

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Colonial, Multiplex, Other

Price

  • Sales Price

    $139,900

  • Tax Amount

    1275.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    Canton CSD - 7602

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Sewer

    Public Sewer

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Location

County

Stark

Elementary School

Canton CSD - 7602

Middle School

High School

Listing Courtesy of Amy Wengerd , EXP Realty, LLC.

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Call Tyson today to schedule a private showing.

(330) 786-5493

Tyson@visionsalesteam.com


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Investors! Take note of this money maker to add to your portfolio. At a 7.9% cap rate, this one makes sense. There is one parcel being sold and on that parcel you have a SFR home with 3 bedrooms, 1 bath, and a full basement. This home is currently rented for $850. Then, you have an adjacent duplex which recently became occupied with rent on the lower unit of $625 and the upper unit brings in $575. The lower unit has 1 bedroom, enclosed porch, and access to the full basement with laundry hookups. The upper unit has 2 bedrooms but does not have a laundry option. There is also an attached storefront (approx. 1,500 sq.ft.) which would make a great office space/storage unit and features 2 floors, half bath, and a garage door on one side for storing larger items. In the past, this was used as an office on the second floor and storage on the first floor. All of the hard work is done as the current owner recently rented all 3 units and they are all M2M. The annual income does not include the storefront which makes the investment even more appealing. The tenants pay all utilities. Owner takes care of the lawn, taxes, insurance, and any repairs. Across the street from the SFR, there is ample parking. The SFR has its own parking and there is more on the north side of the storefront if needed. What a great opportunity!

116 Maryland Avenue SW

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