11 Unit Apartment Building For Sale

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11 Unit Apartment Building For Sale

Canton, OH 44708
Asking Price
$1.25M
Asset Type
Multifamily
Class
Class B

What's Special

Located in the heart of Canton, Ohio, this 11-unit multifamily building sits within a residential pocket offering proximity to the city's downtown district. The property is positioned near major thoroughfares, including Interstate 77 and Route 62, providing efficient transit across the region. Neighborhood amenities include local parks, healthcare facilities such as Aultman Hospital, and various retail centers. Public transportation via SARTA bus lines is accessible within walking distance, connecting residents to the wider Stark County area. This asset is suited for a buy-and-hold investment strategy focused on the stable workforce housing market. The unit count offers a scale manageable for local investors while providing diversified rental income. Given the proximity to major employers and transport links, the typical tenant profile consists of local service professionals, healthcare staff, and commuters seeking proximity to central Canton. The property serves as a functional housing option within a developed urban corridor.

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NOI
$80,000
Cap Rate
6.40%
DSCR
1.08
Tight
Cash-on-Cash
1.54%
Monthly Payment
$6,184.318
Annual Cash Flow
$5,788.184

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