41
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$139,900
Est. payment /mo
3,249 Sqft Lot
New
116 Maryland AVE SW Canton, OH 44710
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Described Follows
MLS Listing ID 5115097
HOA Y/N No
Year Built 1920
Annual Tax Amount $1,275
Tax Year 2024
Lot Size 3,249 Sqft
Acres 0.0746
Property Sub-Type Mixed Use
Property Description
Investors! Take note of this money maker to add to your portfolio. At a 7.9% cap rate, this one makes sense. There is one parcel being sold and on that parcel you have a SFR home with 3 bedrooms, 1 bath, and a full basement. This home is currently rented for $850. Then, you have an adjacent duplex which recently became occupied with rent on the lower unit of $625 and the upper unit brings in $575. The lower unit has 1 bedroom, enclosed porch, and access to the full basement with laundry hookups. The upper unit has 2 bedrooms but does not have a laundry option. There is also an attached storefront (approx. 1,500 sq.ft.) which would make a great office space/storage unit and features 2 floors, half bath, and a garage door on one side for storing larger items. In the past, this was used as an office on the second floor and storage on the first floor. All of the hard work is done as the current owner recently rented all 3 units and they are all M2M. The annual income does not include the storefront which makes the investment even more appealing. The tenants pay all utilities. Owner takes care of the lawn, taxes, insurance, and any repairs. Across the street from the SFR, there is ample parking. The SFR has its own parking and there is more on the north side of the storefront if needed. What a great opportunity!
Location
State OH
County Stark
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features No Garage
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Present Use Multi-Family,Mixed Use,Residential
Building
Foundation Basement
Sewer Public Sewer
Water Public
Schools
School District Canton Csd - 7602
Others
Tax ID 00245386
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Amy Wengerd • EXP Realty, LLC. • amy@soldbywengerd.com 330-681-6090