3001-3007 Tuscarawas St. W – FOR SALE

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3001-3007 Tuscarawas St. W, Canton, OH 44708 For sale at a 10% Capitalization Rate

This 15 unit building has 20,619 square feet and includes 4 storefronts and 11 large residential apartments.

Storefronts each have a front and rear entrance as well as a 1/2 bath.  The apartments above are each 2 bedroom, 2 story, townhouse-style units.  Heat is electric baseboard in all units.  All of the commercial spaces also include one electric fan heater.  Tenants pay their own electric.  Owner pays water, sewer, trash, gas for the water heater only, and common area lighting.

3 parking lots are included with this building.

Cost is only $21.82/square foot!  NOI is $45,000+!  Actual financials for the past 3 years will be provided by the management company at your request.

Building at one time also had a coin laundry available for residents.  This could be re-opened for additional income!

Prime commercial space available on the corner of Tuscarawas St W & Wertz (by the Stark Co Fairgrounds, Davies Drugs & Johnnie’s Bakery) Great for an owner occupant or anyone who wants to rent a space that increases their visibility. – let the investment income from the building put money in your pocket while you run your business from this high-traffic location!  At 25,500 this is one of the highest traffic counts in Canton.

Many updates: The roof was replaced in 2008.  All electric has been upgraded, new breaker boxes, new baseboard heat & the meters were moved outside.  PEX Plumbing was installed.  Some vinyl replacement windows.  Most flooring has been replaced. One new kitchen.  Rents have increased multiple times over the past 9 years.

Management in place, so you can have immediate assistance with this building.

Call 330-455-4663 for more info!

The prime office space on the corner of Tuscarawas St W & Wertz had been occupied by Clear Sky Realty, Inc. for the past 9 years.
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Apartments are all 2BR and around 1000-1200 SqFt each.

Wertz4Kit2 Wertz4DR Wertz4LR Wertz4Bath