1636 Gibbs Avenue NE | Canton
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\u0027re acquiring stabilized income at a price that leaves real room to build equity.\r\n\r\nWith 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.\r\n\r\nWhat 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. MLSNow 5194079 Directions to property: Gibbs Avenue NE, Canton
All information is believed to be reliable, but is not guaranteed and should be independently verified with a real estate professional. Agency Real Estate is a member of the National Association of REALTORS® Equal Housing Opportunity.