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1636 Gibbs Avenue Ne, Canton, OH 44705 Photo
1636 Gibbs Avenue Ne, Canton, OH 44705 Photo
1636 Gibbs Avenue Ne, Canton, OH 44705 Photo
1636 Gibbs Avenue Ne, Canton, OH 44705 Photo
1636 Gibbs Avenue Ne, Canton, OH 44705 Photo
1636 Gibbs Avenue Ne, Canton, OH 44705 Photo
1636 Gibbs Avenue Ne, Canton, OH 44705 Photo
1636 Gibbs Avenue Ne, Canton, OH 44705 Photo
1636 Gibbs Avenue Ne, Canton, OH 44705 Photo
1636 Gibbs Avenue Ne, Canton, OH 44705 Photo
1636 Gibbs Avenue Ne, Canton, OH 44705 Photo
1636 Gibbs Avenue Ne, Canton, OH 44705 Photo

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1636 Gibbs Avenue Ne Canton, OH 44705
$85,000
Active / MLS# 5194079 / Residential - Single Family / Canton
3 Beds
1 Bath

This occupied Canton single-family rental is a textbook turnkey addition to any cash flow portfolio. Currently generating $995/month on a month-to-month lease, the 3-bedroom, 1-bath home spans 1,348 square feet and delivers $7,606 in annual NOI at an 8.95% cap rate. At just $85,000 all-in, you're acquiring stabilized income at a price that leaves real room to build equity. With a tenant already in place and income flowing from day one, this is the kind of low-friction, high-yield asset serious investors line up for. The month-to-month lease structure gives an incoming owner maximum flexibility. Keep the tenant, renegotiate terms, or reposition as market conditions dictate. Either way, the asset pencils on day one. What elevates this from a solid single-buy to a genuine portfolio play is the companion opportunity. Four additional properties from the same seller are available simultaneously: 1432 Louisiana Ave NW and 316 Young Ave NE in Canton, plus 364 Campbell St and 677 Sharon St in Akron. Acquiring the full package creates instant scale, operational efficiency, and geographic diversification across two markets - all from a single seller relationship. Bulk pricing may be available for qualified buyers moving on the full portfolio.

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Estimated Payment

$ 337.76 per month $188.89 Principal & Interest $124.08 Property Tax $24.79 Homeowner's Insurance

Property Details

Property Type: Residential - Single Family
Basement: Full
Basement: Yes
Cooling: Central Air
Fireplaces: 1
Garage: 4
Heating: Forced Air, Gas
Home Style: Colonial
Lot Size: 0.30 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $1,489 / year
Year Built: 1908

Feature Descriptions

Days on Site: 15
Exterior: Vinyl Siding
Parcel#: 00225577
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public

Schools

School District: Canton City

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Listed By / Shown By

Listed By

Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687

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