516 - 524 Hinderer Avenue SW, Massillon, OH 44646

Income Producing Property. (2) 4-Unit Townhomes. To Be Offered In 2 Parcels, Buy One or Both. Stark Co., Perry Twp., Perry LSD. Live Auction with Online Bidding Available. ABSOLUTE AUCTION: all sells to the highest bidder on location. ONLINE BIDDING BEGIN SUNDAY, MARCH 16, 2025, at 12:30 PM, and AUCTION LIVE ON-SITE BIDDING WILL BEGIN WEDNESDAY, MARCH 19, 2025, at 12:30 PM. Income-producing property with (2) 4-unit townhomes. Tenants pay for water, electric, and gas. Owners pay sewer (approx. $212/mo.), trash ($180/mo.), security light ($22/mo.), and lawn care. Each building has parking pads out front. All tenants are on MTM leases. Gross income is $65,820, with room to grow. Each unit has natural gas heat and central A/C. Total half-year taxes are $4,314. Property to be offered as follows:
Parcel #1: 516 Hinderer Ave. SW, Stark Co. Parcel #4312052. 516: 2-bed, one-bath, rent is $700/mo. 518: 3-bed, one-bath, rent is $600/mo. Tenant mows for discounted rent. 520: 2-bed, one-bath, rent is $635/mo. 522: 3-bed, one-bath, rent is $725/mo.
Parcel #2: 524 Hinderer Ave. SW, Stark Co. Parcel #4312051 524: 2-bed, one-bath, rent is $685/mo. 526: 3-bed, one-bath, rent is $675/mo. 528: 2-bed, one-bath, rent is $715/mo. 530: 3-bed, one-bath, rent is $750/mo.
Great investment for an owner-occupant or investor. Parcels will be offered through our multi-par system and sold in whichever way it brings the most. Buy one or both! Bank financing is available to qualified bidders. Ask the auctioneer how to use your current property to buy this one! The units will be open for viewing on auction day starting at 10:30 AM.