1000 Market Ave | Canton, OH 44707
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1000 Market Ave
Canton, OH 44707
Hercules Apartments | Highly Affluent Tenancy · Multifamily Property For Sale
·
90 Units
INVESTMENT HIGHLIGHTS
- Hercules Apartments presents a sleek three-story, 90-unit luxury asset with signage and modern finishes on an expansive 3.65-acre lot in Canton, Ohio.
- Rare investment opportunity where the current rent-to-income ratio of residents is 16%, leaving room to grow rents to meet the market average of 28%.
- Property offers a diverse mix of unit types with an ideal upside potential available through organic rent growth and expense reduction.
- Desirably positioned two blocks from the Downtown Canton city center with convenient accessibility to the major thoroughfare Interstate 77.
- Beneficially occupied by a highly affluent rent base where the average individual income is $105,000 and average household income is about $138,000.
- Advantegous acquisition with a 100% real estate tax abatement is in place through 2048.
PROPERTY FACTS
| Sale Condition | Auction Sale | Lot Size | 1.12 AC |
| Type of Ownership | Fee Simple | Building Size | 138,888 SF |
| No. Units | 90 | Average Occupancy | 93% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1942/2017 |
| Apartment Style | Low-Rise | Parcel Number | 10007304 |
| Building Class | B |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 90 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.12 AC |
| Building Size | 138,888 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built/Renovated | 1942/2017 |
| Parcel Number | 10007304 |
AMENITIES
UNIT AMENITIES
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
SITE AMENITIES
- Business Center
- Controlled Access
- Clubhouse
- Breakfast/Coffee Concierge
- Grill
- Wi-Fi
- Bicycle Storage
- Maintenance on site
- Online Services
- Pet Washing Station
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
