1636 Gibbs AVE NE, Canton, OH 44705
1636 Gibbs AVE NE, Canton, OH 44705
1636 Gibbs AVE NE, Canton, OH 44705
1636 Gibbs AVE NE, Canton, OH 44705
1636 Gibbs AVE NE, Canton, OH 44705
1636 Gibbs AVE NE, Canton, OH 44705
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Bill Raymond, Salesperson
$ 85,000
Est. payment | /mo

3 Beds

1 Bath

0.3 Acres Lot


Save
$ 85,000
Est. payment | /mo
Save

3 Beds

1 Bath

0.3 Acres Lot

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5194079

Style Colonial

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1908

Annual Tax Amount $1,489

Tax Year 2025

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Single Family Residence

Property Description

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.

Location

State OH

County Stark

Rooms

Basement Full

Main Level Bedrooms 3

Interior

Heating Forced Air, Gas

Cooling Central Air

Fireplaces Number 1

Fireplace Yes

Exterior

Parking Features Detached, Garage

Garage Spaces 4.0

Garage Description 4.0

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories Two

Schools

School District Canton Csd - 7602

Others

Tax ID 00225577

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com, 216-870-8687
Bill Raymond, Salesperson
Bill Raymond, Salesperson

Salesperson/Principal

+1(740) 424-1204 | billraymondsold@gmail.com

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1636 Gibbs AVE NE