Listed By
Agency Name: Red 1 Realty, LLC.
Agency Contact: Jeff@JSREALTORTEAM.com, 419-295-6771
Shown By
Agent Name: Kim Mills
Agent Phone: (614) 439-9132
Agency Title: Cutler Real Estate
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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.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Cooling: None
Heating: Forced Air
Home Style: Craftsman
Lot Size: 0.07 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $780 / year
Year Built: 1916
Feature Descriptions
Exterior: Wood Siding
Parcel#: 00206949
Parking: On Street
Sewer: Public Sewer
Water: Public
Local Schools
School District: Canton City
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Estimated Payment
$ 390.81 per month $309.77 Principal & Interest $65.00 Property Tax $16.04 Homeowner's InsuranceChange Payment Information
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1316 Saint Elmo Avenue NE | MLS# 5257545
This single family home located at 1316 Saint Elmo Avenue NE, Canton, OH 44705 is currently listed for sale with an asking price of $55,000. This property was built in 1916 and has 3 bedrooms and 1 full baths. Saint Elmo Avenue NE is located within the Canton City school district. Search Canton real estate on www.sellwithmills.com today.