136 Park Ave Southwest, Canton OH 44706 Photo 1 136 Park Ave Southwest, Canton OH 44706 Photo 2

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136 Park Ave Southwest - 28% Cap Rate! CONSIDER LAND CONTRACT!! City-Coded. Possession at transfer, subject to legal rights of tenants, i.e. leases. Stately building on a pleasant green cul-de-sac. Attractive and effective sound barrier wall installed with expressway changes. 2014 Driveway just widened and graveled with slag. 2014 New back yard privacy fence. 2014 Apt #3 changed from Radiator heat to Baseboard Electric heat. Owner currently uses garage, could represent additional income. Many recent updates. Actually has four storage units in basement but must walk through front two to reach back two; therefore, only two units were counted at $35 each rental value ($840 added income per yr) with possibility of two more units. Apt #1 rent is only $280 discounted $100 & based on $380 previous value and that tenant changes hallway light bulbs, manages new dumpster, mows grass, does snow removal for $100 discount on rent, included as $280 rent in gross income figures. Landlord supplies stoves/refrigerators. New tear-off roof in Fall of 2004 @ $8,600. Great new investor startup or for the experienced investor who does appreciate CAP RATE!

Listing information

  • MLS® ID: 3662784
  • Status: Sold on 12/23/2015
  • New Construction: No
  • Lot Size: 50x130
  • Style: Commercial
  • Stories: 3
  • Foreclosure: No
  • Estimated Annual Taxes: $731
  • Year Built: 1906
  • Parking Type Description: Reserved / Assigned 0 cars
  • Lot Area: 0.15
  • County: Stark

Features

Apartments Type Apartments Only
Available Financing Cash, Conventional
Basement Detail Full
Cooling Type None
Fences Partial, Wood
Heating Fuel Electric, Gas
Heating Type Baseboard, Forced Air, Hot Water/Steam, Radiators
Location Freestanding
Miscellaneous Features Carpeting
Other Assessments YN - 1, Ceiling Ht - 0, Current Use - 5-Unit Residential Apartments, Elevator YN - 0, Homestead Exemption YN - 0, Industrial Sq Ft - 0, Lot Size Depth - 130, Lot Size Frontage - 50, Num Of Apartments Total - 5, Num Of Dock Doors Total - 0, Num Of Drivein Drs Total - 0, Num Of Units - 5, Office Sq Ft - 0, Residential SF - 3696, Retail Sq Ft - 0, Sewer Water - 2135, Units 1 Bedroom - 3, Units 2 Bedroom - 2, Units 3 Bedroom - 0, Units 3 Plus Bedroom - 0, Unitswith Balcony - 2, Warehouse Sq Ft - 0
Owner Pays Sewer, Trash Collection, Water
Possession Time of Transfer
Property Subtype Apartment
Roof Asphalt/Fiberglass
Tenant Pays Cable/Electric Link, Electric, Gas
Water Sewer Public Sewer, Public Water
Listing Courtesy of Hayes Realty