2017 Fulton Rd NW - Apartments FOR SALE


Canton, OH 44709- West Park
$499,900 USD
330-324-7454
2017 Fulton Rd NW, Canton, OH for Sale
$499,900 USD
Apartments - FOR SALE
1/32
null | 9.4% Cap Rate

2017 Fulton Rd NW
Canton, OH 44709
West Park


OVERVIEW

Excellent opportunity to acquire a fully occupied and extensively updated 6-unit multifamily property in a highly accessible Canton location just minutes from I-77, Route 62, shopping, dining, employment centers, and the Pro Football Hall of Fame. The property consists of four 2-bedroom/1-bath units and two 1-bedroom/1-bath units and is currently fully occupied primarily by long-term tenants, providing immediate and stable cash flow. Current annual gross income is approximately $58,000 with an estimated NOI of approximately $47,000, representing an attractive 9.4% cap rate at list price. Over the past two years, the property has undergone significant capital improvements including extensive renovations to four units, all new electrical panels, extensive plumbing updates, new secure entry doors with keypad access, updated paint and flooring in the common hallways, many newer appliances, all new screen doors, a coin-operated Speed Queen washer and dryer, and replacement of the hot water tank heating elements in 2025. Additional features include covered off-street parking, an all-electric setup with tenants responsible for electric utilities, and minimal exterior maintenance with no lawn upkeep required. With strong cash flow, stable occupancy, and recent major system upgrades, this property presents an excellent opportunity for both experienced and first-time multifamily investors. Rent roll and T-12 financials available upon request.

FOR SALE DETAILS

PRICE

$499,900 USD

PRICE/SF

$90 USD /SF

# OF UNITS

6

PRICE/UNIT

$83,317

CAP RATE

9.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Canton 6-Unit Apartment Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,854 SF

ZONING

-

APN/PARCEL ID

00209369

ASK ABOUT THIS PROPERTY

Amanda ShaferRe/Max Trends RealtyMore Info
330-324-7454

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Amanda ShaferRe/Max Trends RealtyMore Info
330-324-7454

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