Vision Sales Team

1432 Louisiana Avenue

Canton , OH 44703

MLS#: 5183058

$385,000

Status: Active
Listing number: 5183058
Listing provided by: Russell Real Estate Services
Listing agent phone: None
Last update: a day ago
New on site 1 day ago
Browse Properties
Chance - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1916

Sq.Footage

N/A

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!

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.359

  • Property Type

    Commercial Sale

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $385,000

  • Tax Amount

    5010.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Canton CSD - 7602

  • Middle School

    N/A

  • High School

    N/A

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Location

County

Stark

Elementary School

Canton CSD - 7602

Middle School

High School

Listing Courtesy of Tal Tamir , Russell Real Estate Services

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Agent Bev Daugherty

AGENT

Bev Daugherty

Call Bev today to schedule a private showing.

(330) 256-4306

Bev@VisionSalesTeam.com


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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!

1432 Louisiana Avenue

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