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2017 Fulton RD NW Canton, OH 44709
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Key Details
Sold Price $465,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5214534
Sold Date 10/15/26
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1960
Annual Tax Amount $6,390
Tax Year 2025
Lot Size 6,917 Sqft
Acres 0.1588
Property Sub-Type Apartment
Property Description
Excellent opportunity to acquire a fully occupied and extensively updated 6-unit multifamily property in a highly accessible Canton location just minutes from I-77, Route 62, shopping, dining, employment centers, and the Pro Football Hall of Fame. The property consists of four 2-bedroom/1-bath units and two 1-bedroom/1-bath units and is currently fully occupied primarily by long-term tenants, providing immediate and stable cash flow. Current annual gross income is approximately $58,000 with an estimated NOI of approximately $47,000, representing an attractive 9.4% cap rate at list price. Over the past two years, the property has undergone significant capital improvements including extensive renovations to four units, all new electrical panels, extensive plumbing updates, new secure entry doors with keypad access, updated paint and flooring in the common hallways, many newer appliances, all new screen doors, a coin-operated Speed Queen washer and dryer, and replacement of the hot water tank heating elements in 2025. Additional features include covered off-street parking, an all-electric setup with tenants responsible for electric utilities, and minimal exterior maintenance with no lawn upkeep required. With strong cash flow, stable occupancy, and recent major system upgrades, this property presents an excellent opportunity for both experienced and first-time multifamily investors. Rent roll and T-12 financials available upon request.
Location
State OH
County Stark
Community Laundry Facilities
Rooms
Basement Apartment, Daylight, Exterior Entry, Full, Finished, Interior Entry, Storage Space, Walk-Up Access, Walk-Out Access
Interior
Heating Baseboard, Electric
Cooling Ceiling Fan(s), None
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Attached Carport, Concrete, Covered, Carport, Direct Access, Driveway, Parking Lot, Parking Pad
Fence None
Community Features Laundry Facilities
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Present Use Multi-Family
Total Parking Spaces 6
Building
Foundation Basement
Sewer Public Sewer
Water Public
Construction Status Updated/Remodeled
Schools
School District Canton Csd - 7602
Others
Tax ID 00209369
Security Features Fire Alarm
Financing Conventional
Special Listing Condition Standard
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Bought with Jeremy P Ols • Keller Williams Greater Metropolitan
NEARBY SCHOOLS & BUSINESSES
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