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$ 4,500,000
Est. payment /mo
Contingent
535-545 RUSSELL RD Clarence Creek, ON K0A 2A0
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment 5+ Units
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID 1405496
Year Built 2015
Annual Tax Amount $42,675
Tax Year 2023
Property Sub-Type Apartment 5+ Units
Property 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.
Location
Province ON
Rooms
Basement Full
Interior
Heating Natural Gas, Other (See Remarks)
Exterior
Roof Type Asphalt Shingle
Building
Story 3
Foundation Poured Concrete
Sewer Septic Approved, Septic Installed
Water Municipal
Structure Type Stone,Vinyl
Listed by RE/MAX DELTA REALTY TEAM