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eXp Realty
1316 Saint Elmo Avenue NE, Canton, OH 44705
- $55,000
- 3
- BD
- 1
- BA
- List Price
- $55,000
- Status
- ACTIVE
- Days on Market
- 7
- MLS#
- 5257545
- Subtype
- Residential
- Style
- Craftsman
- Year Built
- 1916
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Acres
- 0.07
- MLS Area Major
- Canton
Property Description
Advertised as a low-lift, turnkey-ready investment opportunity. The property features a functional 1,344 sq. ft. layout designed for low maintenance and strong long-term tenant retention. Main updates and foundational work are largely complete, requiring only minor cosmetic touch-ups (paint/surface touch-ups) before tenant placement. Additional highlights include a full unfinished basement for extra storage, public utilities (forced-air natural gas heat), and low holding costs. Investment Opportunity HighlightsLow Entry Price Point: At $55,000, it presents a very accessible barrier to entry for novice investors or seasoned landlords expanding a local portfolio. Minimal Rehab & Quick Turnaround: Because major systems are in place, holding costs and pre-occupancy downtime are minimized, accelerating cash-on-cash returns.Low Overhead: Annual property taxes sitting around $500 keep fixed operational expenses minimal, maximizing net operating income (NOI).Submarket Rent Potential: Single-family 3-bedroom rentals in Canton’s 44705 zip code typically command solid market rents relative to purchase price, providing favorable cap rates and strong cash flow upside.
Additional Information
- Taxes
- $780
- Property Description
- Craftsman
- Heating
- Forced Air
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass
- Foundation
- Block
- Parking Features
- On Street
- School District
- Canton CSD - 7602
Listing Courtesy of: Jeffrey Schultheis, Jeff@JSREALTORTEAM.com With Red 1 Realty, LLC.
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