$4,500,000
( )
 $24,157 est/mo Sourced by Back At You

535-545 Russell Rd , Clarence-Rockland, ON K0A 2A0

Clarence-Rockland, ON K0A 2A0

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Description

Solid investment opportunity for the savvy investor! Priced at 6.4 cap with present-day NOI (current appraisal on file). Room to grow top line revenue on turnover (14 of 20 units remain rented under market rates). Consists of 2 buildings each with 10 units (7 x 2-bedrooms and 3 x 1-bedrooms) for a total of 20 units. Individual units registered as condos (but not operated as such), which opens interesting options for future exit strategies for the experienced investor. All units are individually metered for both heat (natural gas), hydro and equipped with A/C units. Low maintenance units with ceramic and laminate flooring throughout. Interior storage units available for each unit and plenty of parking. Built in 2015. Meticulously managed property by owner operators with pride of ownership.

Details

MLS#X9519706
Listing TypeFor Sale
StyleOther
Sub-TypeResale
StatusActive
Days On Site13
Listing Provided ByRE/MAX DELTA REALTY TEAM | Not Provided

Features

ZoningRV2-10
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 1 minute ago
ProvinceON
CountyClarence Rockland
CityClarence-Rockland
Postal CodeK0A 2A0
AreaPrescott and Russell
Community Name607 Clarence/Rockland Twp
Listing VS Median (in 607 Clarence/Rockland Twp)
Price:
$4,500,000
low | high
Med:
$0
On Site:
13
low | high
Med:
Sourced by Back At You
Listing Updated: October 30, 2024 at 10:43:55 AM PDT