Cash-Flowing 5 Unit Portfolio Multi-Family FOR SALE


Canton, OH
$445,000 USD
440-526-9400
, Canton, OH for Sale
$445,000 USD
Multi-Family - FOR SALE
1/62
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Cash-Flowing 5 Unit Portfolio
Canton, OH


HIGHLIGHTS

  • Professionally managed for ease of ownership
  • 4/5 units currently occupied
  • Grossing $4,006/month in rental income
  • $5,194/month - proforma rental income
  • Cosmetic updates include fresh paint, vinyl flooring, carpet & kitchen / bathroom upgrades
  • Tenants cover all utilities except for water/sewer at the duplex

OVERVIEW

Cash-Flowing Portfolio with Over 10% Cap Rate! This outstanding investment opportunity features a portfolio of three single-family homes and one duplex, with 3/4 properties being occupied; it currently brings in $4,006/month in rent with the final unit recently turned and ready to rent for an additional $1,000+ taking this to over $5,000/month in gross rents! Tenants cover all utilities except for water/sewer at the duplex. With the final unit rented, the new owner steps into an impressive 10%+ cap rate as-is! Most properties have received significant cosmetic updates, including fresh paint, vinyl flooring, carpet, and kitchen and bathroom upgrades, ensuring a smooth transition. Professionally managed for ease of ownership, this portfolio is a turnkey gem for investors seeking strong cash flow and growth potential!

ASK ABOUT THIS PROPERTY

Ted ShoafRussell Real Estate ServicesMore Info
440-526-9400

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Ted ShoafRussell Real Estate ServicesMore Info
440-526-9400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.