Property Description

Alliance Investment Property with Rental Upside. Looking for an affordable single-family rental property in Alliance Ohio, priced below comparables. Welcome to 1150 Forest Ave, a vacant 2-bedroom, 1-bath home offering 912 square feet, low annual taxes, and key updates already completed. This property is positioned as a manageable buy-and-hold rental, portfolio addition, or entry-level investment opportunity in the Alliance market. The home is vacant and available now, giving investors the ability to move quickly, complete any preferred turnover items, and place a tenant without navigating an existing lease. Current market rent estimates for similar homes in the Alliance area are approximately $900 to $1,000 per month, offering 10% CAP rental income potential at an affordable price point. Important updates are already in place, including a new roof in 2024, newer vinyl windows, and composite decking on both the front and back porches. Annual property taxes are $693.10, helping support a lower operating cost structure for investors focused on monthly cash flow. The smaller lot also keeps exterior maintenance more manageable, which can be attractive for landlords looking for a simpler rental asset. The location adds to the rental appeal. 1150 Forest Ave is convenient to Alliance restaurants, shopping, grocery stores, the University of Mount Union, Aultman Alliance Community Hospital, local services, and major everyday conveniences. Proximity to employment, education, healthcare, and daily needs can help support steady tenant demand. Affordable single-family rental inventory remains an important part of the Stark County and Alliance housing market. Whether you are expanding an existing portfolio, starting with your first rental, or looking for a property with practical updates and market rent potential, this home deserves a closer look. Vacant, available now, and ready for its next investor. The seller is motivated. Schedule your private showing today.

Property Features

Local Schools