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$ 55,000
Est. payment /mo
New
1316 Saint Elmo AVE NE Canton, OH 44705
3 Beds
1 Bath
3,149 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5257545
Style Craftsman
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1916
Annual Tax Amount $780
Tax Year 2025
Lot Size 3,149 Sqft
Acres 0.0723
Property Sub-Type Single Family Residence
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.
Location
State OH
County Stark
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features On Street
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories Two
Schools
School District Canton Csd - 7602
Others
Tax ID 00206949
Listed by Jeffrey Schultheis • Red 1 Realty, LLC. • Jeff@JSREALTORTEAM.com, 419-295-6771