Canton, OH 44710,5325 13th ST SW
Canton, OH 44710,5325 13th ST SW
Canton, OH 44710,5325 13th ST SW
34
$2,400,000
$3,100,000
22.6%
Est.Price: ?

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3.45 Acres Lot

5325 13th ST SW Canton, OH 44710

Est. payment /mo
SOLD DATE : 07/11/2024

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Key Details

Sold Price $2,400,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Perry Sec 11

MLS Listing ID 5027667

Sold Date 07/11/24

HOA Y/N No

Year Built 1973

Annual Tax Amount $28,649

Tax Year 2023

Lot Size 3.450 Acres

Acres 3.45

Property Sub-Type Apartment

Property Description

Welcome to this immaculately maintained 48-unit apartment complex designed exclusively for residents aged 55 and above. Situated in a prime location, this property offers a rare investment opportunity in the thriving senior living market. Boasting exceptional cleanliness and upkeep, it presents a turnkey solution for investors seeking a reliable income stream.
With very low vacancy rate and turnover, this complex ensures consistent rental income from day one. Residents enjoy the convenience of two spacious laundry rooms equipped with coin-operated washers and dryers. Additionally, a well-appointed community room is available for tenant parties, gatherings, and events, fostering a sense of community and engagement among residents. There is an onsite storage area for tenants to utilize & keep their extra belongings. The building is equipped with security for controlled access to the units & motion detection lights on both sides of the carport area, providing peace of mind to both tenants and investors. The additional RV Garage 40'x40' has double sided 14' & 9' garage doors to drive through & offers electric, water, & floor drains. It's perfect for storage for maintenance equipment &/or additional rental income. Tenants have the option to rent one of the 28 carports, of which 3 have garage doors. The updates in 2023 include a new roof, modern metal fire escape stairs & a new cement pad installed for the dumpster. Investment highlights includes strong rental demand from the 55+ demographic, offering stability and long-term growth potential. Historically low occupancy rates and positive tenant feedback, reflecting the property's desirability and management excellence. Don't miss out on this exceptional opportunity to acquire a meticulously maintained 55+ apartment complex with great investment potential. Schedule a viewing today to experience firsthand the quality and value this property has to offer.

Location

State OH

County Stark

Interior

Heating Baseboard, Gas

Cooling Wall Unit(s)

Fireplace No

Laundry Coin-operated

Exterior

Parking Features Additional Parking, Asphalt, Detached Carport, Detached, Garage, Garage Faces Side

Water Access Desc Public

Roof Type Asbestos Shingle

Present Use Multi-Family,Residential

Total Parking Spaces 55

Building

Sewer Public Sewer

Water Public

Level or Stories One

Schools

School District Perry Lsd Stark- 7614

Others

Senior Community Yes

Tax ID 04310373

Security Features Fire Escape

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Cash

Special Listing Condition Real Estate Owned

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Listed by Melissa Steiner • Keller Williams Legacy Group Realty • jdutton3@kw.com 330-879-5000
Bought with Non-Member Non-Member • Non-Member

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agent

Lindsey Rose

Realtor® | CEO | Team Lead | License ID: 2017001928

+1(330) 591-0823

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