Property Description

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.

Property Features

Local Schools