330-453-9187
516 Hinderer Ave SW, Massillon, OH for Sale
Multi-Family - FOR SALE
1/16
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516 Hinderer Ave SW
Massillon, OH 44646


OVERVIEW

Income Producing Property (2) 4-Unit Townhomes To Be Offered In 2 Parcels, Buy One Or Both Stark Co., Perry Twp., Perry LSD Live Auction With Online Bidding Available Absolute auction, all sells to the highest bidder on location: 516 Hinderer Ave. SW, Massillon, OH 44646 Directions: From downtown Massillon, head east onto Lincoln Way for 3 miles then right onto Hinderer to auction. Watch for KIKO signs. Wednesday, March 19, 2025, 12:30 PM Units Will Be Open 10:30 AM Auction Day Real Estate: Income producing property with (2) 4-unit townhomes. Tenants pay water, electric and gas. Owners pay sewer (approx. $212/mo.), trash ($180/mo.), security light ($22/mo.) and lawn care. Each building has parking pads out front. All tenants are on MTM leases. Gross income is $65,820 with room to grow. Each unit has natural gas heat, and central A/C. Total half year taxes are $4,314. Property to be offered as follows: Parcel #1: 516 Hinderer Ave. SW, Stark Co. Parcel #4312052 516: 2-bed, one-bath, rent is $700/mo. 518: 3-bed, one-bath, rent is $600/mo. Tenant mows for discounted rent. 520: 2-bed, one-bath, rent is $635/mo. 522: 3-bed, one-bath, rent is $725/mo. Parcel #2: 524 Hinderer Ave. SW, Stark Co. Parcel #4312051 524: 2-bed, one-bath, rent is $685/mo. 526: 3-bed, one-bath, rent is $675/mo. 528: 2-bed, one-bath, rent is $715/mo. 530: 3-bed, one-bath, rent is $750/mo. Great investment for an owner occupant or investor. Parcels will be offered through our multi-par system and sold whichever way it brings the most. Buy one or both! Bank financing available to qualified bidders. Ask auctioneer on how to use your current property to buy this one! Property will be open auction day at 10:30 AM. Terms On Real Estate: 10% down auction day, balance due at closing. A 10% buyer’s premium will be added to the highest bid to establish the purchase price. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed. Property to be offered as a Multi Par auction and sold whichever way it brings the most. Auctioneers/Realtors: Kristen Kiko, 330.234.7110, kristen@kikocompany.com; Peter Kiko Sr., 330.705.5996, peter@kikocompany.com

FOR SALE DETAILS

PRICE

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# OF UNITS

8

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

(2) 4-Unit Townhomes

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

-

APN/PARCEL ID

-

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Richard KikoKIKO CompanyMore Info
330-453-9187

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Richard KikoKIKO CompanyMore Info
330-453-9187

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