1000 Market Ave - Apartments FOR SALE
Canton, OH 44707 |
440-823-1266
1000 Market Ave
Canton, OH 44707
HIGHLIGHTS
- Hercules Apartments presents a sleek three-story, 90-unit luxury asset with signage and modern finishes on an expansive 3.65-acre lot in Canton, Ohio.
- Desirably positioned two blocks from the Downtown Canton city center with convenient accessibility to the major thoroughfare Interstate 77.
- Rare investment opportunity where the current rent-to-income ratio of residents is 16%, leaving room to grow rents to meet the market average of 28%.
- Beneficially occupied by a highly affluent rent base where the average individual income is $105,000 and average household income is about $138,000.
- Property offers a diverse mix of unit types with an ideal upside potential available through organic rent growth and expense reduction.
- Advantegous acquisition with a 100% real estate tax abatement is in place through 2048.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Hercules Apartments | Highly Affluent Tenancy
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1942
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.65 AC
LAND SF
158,994 SF
ZONING
-
APN/PARCEL ID
10007304
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440-823-1266
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440-823-1266
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