Map
Listed price in listed location currency (USD).
$254,900

640

MLS® 5253517

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage 
Taxes $1,937
Days Active 1
Lot Size 0.1722 Acres
Approx. Age 1900
MLS® Number 5253517

Property Address: 1612 Cleveland Ave Nw, Canton, OH, 44703-1212

Average square foot calculated using Size range provided by listing agent.

Description

Extremely high cash-flow multifamily investment opportunity! Seller previously netting over $1, 000/month after ALL operating expenses and debt service. See Seller's full historical financials and tenant leases in the supplements. Seller is strategically consolidating their portfolio, selling smaller residential assets to pursue larger commercial acquisitions. Property will be delivered turnkey vacant at closing, allowing buyers to establish their own market rents, select tenants, and maximize income potential. Well-maintained and extensively improved property with significant capital expenditures already completed! Current ownership has invested substantially in major mechanical, structural, and interior improvements, providing peace of mind and minimizing immediate maintenance concerns. Recent Capital Improvements & Highlights: -Basement Waterproofing: Extensive waterproofing improvements and installation of a sump pump. -Electrical Upgrades: Updated electrical weatherhead and associated connections. -Interior Renovations: Upgraded flooring and modern cosmetic finishes throughout the units. -Mechanical Systems: Newer furnaces and water heaters, including a water heater replacement in 2025. -Separate Utilities: Individually metered gas and electric for improved expense management. -Vinyl Windows: Vinyl windows throughout the property. I deal for Local & Out-of-State Investors! Existing property management resources are available to assist with tenant placement, leasing, and ongoing management, offering a hands-off investment opportunity. With exceptional historical cash flow, major capital improvements already completed, separately metered utilities, and the flexibility to establish new rents, this property offers outstanding income potential. Schedule your showing today and capitalize on this turnkey, high-cash-flow investment opportunity!
MLS® Number5253517
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
Basement
DrivewayDriveway
Garage Spaces
HeatForced Air
A/CNone

Extras

Price History

Last Sold Price

$186,500$186.5K

Appreciation

--

Avg. Days Listed

68 days

Today, For Sale for $254,900

For Sale · 0 days

$254,900

MLS® 5253517

5 hours ago

Not Sold Yet

October 2026, For Sale for $254,900

For Sale · 0 days

$254,900

MLS® 5253517

5 hours ago

Not Sold Yet

July 2024, Sold for $186,500

View of front of home
Sold · 17 days

$186,500$170,000

MLS® 5049134

2 years ago

Sold on Jul 19, 2024

February 2024, Withdrawn for $700

View of front of property
Withdrawn · 118 days

$700

MLS® 4495191

3 years ago

Canceled on Feb 2, 2024

Home Estimate Zoopraisal®

This property is estimated to sell between: $202,000 and $281,000.
Similar properties in this area sold on average for: $202,833
Expected to sell in 20 days. Similar properties sold in 21 days. This home has been on Zoocasa for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties