Individual Deals

Canton Village

Location: Canton, OH

• 3324 Market Ave N, Canton, OH 44714
• 3430 Westview Ave NW, Canton, OH 44709
• 3748 Woodford Ave NW, Canton, OH 44709

Purchased: October 2023

Units: 21 units’ total:

• 18 two-bedroom units
• 2 three-bedroom units
• 1 one-bedroom unit
• 16 garages

Financing: Seller financing

• Interest only for 5 years at 6.5%
• Loan-to-Value (LTV): 69%

Purchase Price: $1.33 million

Property Details:

• Three properties within a mile radius
• Built in the 1960s and early 2000s
• Excellent school district, attracting quality tenants
• Convenient location with easy commutes to Akron and Kent

Projected Returns: 12-15% IRR

Business Plan:

• Focus on cost reduction and maintaining high occupancy (98-100%) through our own property management company- Affordable Housing Redefined
• Significant upside potential with rents averaging $300 below market rates.

Business Plan Update (12/24):

• Achieved a 40% rent roll increase within a year of ownership.
• Initiated the refinancing process.

Reach out to learn more about partnering with us on future opportunities.