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For Sale Single Family Residence

1316 Saint Elmo Avenue, Canton, OH

1316 Saint Elmo Avenue, Canton, OH, 44705
$55,000

Property Details

3 Bedrooms
1 Bathrooms
Single Family Residence

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 Information

Address 1316 Saint Elmo Avenue
City Canton
State OH
Zip Code 44705
Price $55,000
Property Type Residential
Listing Type Single Family Residence
Bedrooms 3
Bathrooms 1

Location

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