689 Colony Road, Canal Fulton, OH 44614

$618,000

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Sold Price
$618,000
List Price
$599,000
Status
CLOSED
Days on Market
64
Closing Date
Jul 08, 2026
MLS#
5207162
Subtype
Commercial Sale
Year Built
1981
Acres
0.62
MLS Area Major
Canal Fulton

Property Description

Turnkey, income-producing 8-unit apartment complex in the heart of Canal Fulton. This fully occupied property delivers immediate cash flow with a proven rental history and stable tenant base. The unit mix includes four 1-bedroom and four 2-bedroom units, providing diversified rental income. Each unit features a private basement with laundry hookups--an added tenant convenience that supports retention and reduces shared maintenance. Operating efficiency is a key highlight: gas and electric are separately metered and paid directly by tenants, minimizing owner expenses. All units are equipped with central air conditioning, enhancing marketability and rental demand. The property includes two drive entrances and large paved parking area, offering ease of access and ample parking capacity. Well maintained and priced to sell, this is a strong addition to any portfolio--ideal for investors seeking immediate returns.

Additional Information

Taxes
$7,731
Heating
Forced Air, Gas
Air Conditioning
Central Air
Roof
Asphalt
Parking Features
Additional Parking, On Site
School District
Northwest LSD Stark- 7612

Listing Courtesy of: Evonne M Snyder, EvonneSnyder@Remax.net With RE/MAX Showcase

Selling Office: Coldwell Banker Schmidt Realty.

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