5325 13th Street SW, Canton, OH 44710

Property Description

Welcome to this immaculately maintained 48-unit apartment complex designed exclusively for residents aged 55 and above. Situated in a prime location, this property offers a rare investment opportunity in the thriving senior living market. Boasting exceptional cleanliness and upkeep, it presents a turnkey solution for investors seeking a reliable income stream. With very low vacancy rate and turnover, this complex ensures consistent rental income from day one. Residents enjoy the convenience of two spacious laundry rooms equipped with coin-operated washers and dryers. Additionally, a well-appointed community room is available for tenant parties, gatherings, and events, fostering a sense of community and engagement among residents. There is an onsite storage area for tenants to utilize & keep their extra belongings. The building is equipped with security for controlled access to the units & motion detection lights on both sides of the carport area, providing peace of mind to both tenants and investors. The additional RV Garage 40'x40' has double sided 14' & 9' garage doors to drive through & offers electric, water, & floor drains. It's perfect for storage for maintenance equipment &/or additional rental income. Tenants have the option to rent one of the 28 carports, of which 3 have garage doors. The updates in 2023 include a new roof, modern metal fire escape stairs & a new cement pad installed for the dumpster. Investment highlights includes strong rental demand from the 55+ demographic, offering stability and long-term growth potential. Historically low occupancy rates and positive tenant feedback, reflecting the property's desirability and management excellence. Don't miss out on this exceptional opportunity to acquire a meticulously maintained 55+ apartment complex with great investment potential. Schedule a viewing today to experience firsthand the quality and value this property has to offer.