New

$254,900

For Sale

7 hours ago

1612 Cleveland Ave Nw, Canton, OH

Name: 1612 Cleveland Ave Nw, For Sale in Canton - eXp Realty
Brand: Home Equity Realty Group
SKU: 5253517
Price: 254900 USD

House

MLS® 5253517

6 Bed

4 Bath

Key Facts
Description
Map

Key Facts

Type Quadruplex

Levels Residential Income

Size -

Garage

Taxes $1,937

Days Active 1

Lot Size 0.1722 Acres

Approx. Age 1900

MLS® Number 5253517

Property Address: 1612 Cleveland Ave Nw, Canton, OH, 44703-1212

Average square foot calculated using Size range provided by listing agent.

Description

Extremely high cash-flow multifamily investment opportunity! Seller previously netting over $1, 000/month after ALL operating expenses and debt service. See Seller's full historical financials and tenant leases in the supplements. Seller is strategically consolidating their portfolio, selling smaller residential assets to pursue larger commercial acquisitions. Property will be delivered turnkey vacant at closing, allowing buyers to establish their own market rents, select tenants, and maximize income potential. Well-maintained and extensively improved property with significant capital expenditures already completed! Current ownership has invested substantially in major mechanical, structural, and interior improvements, providing peace of mind and minimizing immediate maintenance concerns. Recent Capital Improvements & Highlights: -Basement Waterproofing: Extensive waterproofing improvements and installation of a sump pump. -Electrical Upgrades: Updated electrical weatherhead and associated connections. -Interior Renovations: Upgraded flooring and modern cosmetic finishes throughout the units. -Mechanical Systems: Newer furnaces and water heaters, including a water heater replacement in 2025. -Separate Utilities: Individually metered gas and electric for improved expense management. -Vinyl Windows: Vinyl windows throughout the property. I deal for Local & Out-of-State Investors! Existing property management resources are available to assist with tenant placement, leasing, and ongoing management, offering a hands-off investment opportunity. With exceptional historical cash flow, major capital improvements already completed, separately metered utilities, and the flexibility to establish new rents, this property offers outstanding income potential. Schedule your showing today and capitalize on this turnkey, high-cash-flow investment opportunity!

MLS® Number5253517

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1900

Basement

DrivewayDriveway

Garage Spaces

HeatForced Air

A/CNone

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Oct 15, 2026List Date

$254,900List Price

Jul 19, 2024End Date

$186,500Sold Price

Sold

Jul 1, 2024List Date

$170,000List Price

Feb 2, 2024End Date

-Sold Price

Withdrawn

Oct 6, 2023List Date

$700List Price

Home Appraisal

This property is estimated to sell between: $202,000 and $281,000.

Similar properties in this area sold on average for: $202,833

Expected to sell in 20 days. Similar properties sold in 21 days. This home has been on eXp Realty for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

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Starting Address

Destination Address

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