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.
MLS# | X9519706 |
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Listing Type | For Sale |
Style | Other |
Sub-Type | Resale |
Status | Active |
Days On Site | 13 |
Listing Provided By | RE/MAX DELTA REALTY TEAM | Not Provided |
Zoning | RV2-10 |
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Province | ON |
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County | Clarence Rockland |
City | Clarence-Rockland |
Postal Code | K0A 2A0 |
Area | Prescott and Russell |
Community Name | 607 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: |