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32278386
32278387

2114 Market Avenue North, Canton, OH 44714 For Sale

DF
OH 2010000047
REMAX Edge Realty
Listed by REMAX Edge Realty
$750,000
76 days on market
Updated 5 days ago

2114 Market Avenue North

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,002
Units 10
NOI $69,758
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 7.50%
Year Built 1957
Buildings 2
Acreage 0.800
Zoning Commercial
Parking Spaces 9 spaces
Parking per 1,000 SqFt 1.00
Investment Type Stabilized

Fully Renovated 10 Unit Apartment Complex

Marketing description

2114 & 2116 Market Ave N is an outstanding opportunity to own a renovated and stabilized 10 Unit Apartment Complex in Canton. This is your chance to to own a turn key apartment complex that has undergone over $250K in renovations. This property features a desirable blend of (6) 2 Bedroom / 1 Bathroom Units and (4) 1 Bedroom / 1 Bathroom Units (Garden Units) covering about 9,000 square foot of living space. Every apartment has been upgraded with contemporary and sleek improvements. Additionally, all mechanicals have been updated. This property provides garage parking and extra storage for additional income. The 4 Garden Units sit atop single car garages and the mechanical room featuring a new boiler. An additional 4 car garage is available for additional income or parking as well. With stable rental income, fully updated systems and modern interiors, this a scarce chance to own a low maintenance & income producing property. Located by historic Ridgewood and Colonial Heights plus near shopping and the express way. Please call to schedule a showing. *Gas & Electric are paid by the tenants with separate meters. Water/Sewer/Trash are paid by the Owner to All County Property Management. There is a boiler and separate hot water heaters for the 4 Garden Units. The 2 Bedroom Units EACH have Basements with Washer and Dryers. PLEASE EMAIL ALL QUESTIONS and I CAN SEND all DOCS at [email protected]

Investment highlights

2114 & 2116 Market Ave N is an outstanding opportunity to own a renovated and stabilized 10 Unit Apartment Complex in Canton. This is your chance to to own a turn key apartment complex that has undergone over $250K in renovations. This property features a desirable blend of (6) 2 Bedroom / 1 Bathroom Units and (4) 1 Bedroom / 1 Bathroom Units (Garden Units) covering about 9,000 square foot of living space. Every apartment has been upgraded with contemporary and sleek improvements. Additionally, all mechanicals have been updated. This property provides garage parking and extra storage for additional income. The 4 Garden Units sit atop single car garages and the mechanical room featuring a new boiler. An additional 4 car garage is available for additional income or parking as well. With stable rental income, fully updated systems and modern interiors, this a scarce chance to own a low maintenance & income producing property. Located by historic Ridgewood and Colonial Heights plus near shopping and the express way. Please call to schedule a showing. *Gas & Electric are paid by the tenants with separate meters. Water/Sewer/Trash are paid by the Owner to All County Property Management. There is a boiler and separate hot water heaters for the 4 Garden Units. The 2 Bedroom Units EACH have Basements with Washer and Dryers. No VACANCY. PLEASE EMAIL for ALL DOCS and DETAILS [email protected]

Listing Contacts

DF
OH 2010000047
REMAX Edge Realty
Listed by REMAX Edge Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$69,758.00
$5,813.17/mo

Valuation Metrics

0
DSCR
9.3%
Cap Rate
9.3%
ROI

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Additional Information

Name
Debbie Ferrante
License
2010000047
Brokerage Phone
3302365100
Brokerage Address
6929 Portage Street Northwest
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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