A portfolio of 45 single family homes located in Canton Ohio. Average monthly rent per door is $1422 per month.
-Total Monthly Rents at 100% occupancy: $64,416?
-Average Annual Rent per Door at 100% occupancy: $1422 per month or $17,070 annually
-2024 Annualized Net Operating Income: $605,000
All properties are currently 100% occupied, and all tenants are currently in a 12 month lease agreement, which is our minimum lease term.
Each of these properties upon purchase went through a top to bottom remodel, which I have personally GC’d each of these. All properties have been fully remodeled within the past 1-15 years. As the pictures will show some of, the interiors of these homes are some of the nicest rental properties you can find in our county or surrounding counties. There is a good bit of room for rent increases on each of these properties as the next round of leases comes due.
For ease of property management, 80% of properties are located within 2 miles of each other, 100% of properties are located within 4 miles of each other.
We have created a website to advertise this portfolio as well as a portfolio of three Airbnb’s I'm selling as well right next to the Pro Football Hall of Fame: website: www.cshrentals.com
Tenants pay all utilities, lawncare, and snow removal and are also responsible for water, sewer, and trash. Obviously, this is very beneficial to the net operating income.
Rent roll and P&L’s available upon request, you can visit our website at www.cshrentals.com or email us directly at cshrents@gmail.com
Owner would entertain splitting the portfolio into 2 chunks.
No owner financing will be considered. The owner is selling in order to focus all energy on their primary business which is not in the real estate industry.