Episode #80 - Deal of the week - North Canton, Ohio

TL;DR

A discussion on a potential real estate investment opportunity in a multicolored brick building with 19 units in North Canton, Ohio, including insights on location and property features.

Transcript

welcome to deal the week sup players I'm here with Paul and Andrew how are you guys I'm super oh this looks like an MLS one this will be interesting lewberty do bear thanks for joining us on learn from us an investor and real estate discussion panel with some great minds what we do on these episodes here's our theme song is that a harmonica a frien... Read More

Key Insights

• 🏛️ The property is a multicolored brick building with 19 units in North Canton, Ohio.
• 🇦🇪 Rental rates for the units are relatively low compared to the market.
• ♿ The property is centrally located and provides easy access to major roads and amenities.
• 🥶 The building is well-maintained, but some fixtures may be older.
• ❓ There are concerns regarding the property's proximity to the road and potential noise issues.
• 👋 The property could be a good investment opportunity for an owner-operator willing to handle management and maintenance.
• ☠️ There may be potential for increasing rental rates and improving the property's aesthetics, such as painting the brick exterior.

Questions & Answers

Q: How many units does the multicolored brick building in North Canton have?

The building has a total of 19 units, including 16 two-bedroom units and three two-bedroom townhomes.

Q: Is the property well-maintained?

The property has been generally well-maintained, although some fixtures, such as cabinets and flooring, may be older. The owner has been proactive with maintenance over the years.

Q: What are the current rental rates for the units?

The two-bedroom units are currently rented for $575, while the townhomes are rented for around $605. These rates are considered relatively low compared to the market.

Q: Is the location of the property favorable?

The property is centrally located in North Canton and provides easy access to major roads and amenities. However, it is important to consider its proximity to the road and potential noise issues.

Summary & Key Takeaways

• The building is a two-story multicolored brick structure with 19 units, including 16 two-bedroom units and three two-bedroom townhomes.

• The property is generally well-maintained, with some older fixtures and relatively low rental rates compared to the market.

• The property is centrally located in North Canton, close to major roads and amenities, but there are concerns regarding its proximity to the road and potential noise issues.