Steve Burgess
Listed By
Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687
Shown By
Agent Name: Steve Burgess
Agent Phone: (330) 327-3393
Agency Title: Cutler Real Estate
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Property Description
Five single-family rentals offered at just $77,000 per door with massive value-add upside. Three homes are tenant-occupied at $1,000/month each, while two vacant properties are ready for renovation and repositioning. Invest approximately $60,000 in strategic capex across the two vacant units, lease at market rents, and this portfolio delivers $72,000 in gross income, $49,200 NOI, and a 12.78% cap rate. The properties include 796 Sherman, 2465 28th St, 316 Young, 1636 Gibbs, and 1432 Louisiana. Solid craftsman-style construction, hardwood floors, and spacious layouts attract quality long-term tenants. Geographic diversification across Akron and Canton provides stability across two of Northeast Ohio's strongest rental markets. At $385,000 for 5 homes, you're buying well below replacement cost with built-in upside!
Property Features
Property Type: Commercial - Business
Heating: Forced Air, Gas
Lot Size: 0.36 Acres
Taxes: $5,010 / year
Year Built: 1916
Feature Descriptions
Parcel#: 00225332
Local Schools
School District: Canton City
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1432 Louisiana Avenue | MLS# 5183058
This commercial property located at 1432 Louisiana Avenue, Canton, OH 44703 is currently listed for sale with an asking price of $385,000. Louisiana Avenue is located within the Canton City school district. Search Canton real estate on www.steveburgessre.com today.