535-545 RUSSELL ROAD, Clarence-Rockland, Ontario

$4,500,000

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. (id:56241)

Listing ID: X9519706
Property Type: Multi-family

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Details

Parking Spaces: 40
Transaction: For sale
Zoning Description: RV2-10

Building

BasementType: Full (Finished)
Basement Development: Finished
Cooling: Central air conditioning
Exterior Finish: Vinyl siding, Stone
Fireplace Present: False
Foundation: Concrete
Heating: Hot water radiator heat
Heating Fuel: Natural gas
Type: Multi-Family
Utility Water: Municipal water

Land

Size Frontage: 255 ft ,7 in
Size Irregular: Unit=255.63 x 254.84 FT ; 0

Listing provided by RE/MAX DELTA REALTY TEAM
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 535-545 RUSSELL ROAD in Clarence-Rockland Ontario. It was last modified on September 19th, 2024. Contact us to schedule a viewing or to discover other Clarence-Rockland real estate for sale.

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