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$4,500,000
Available - For Sale
Listing ID: X9519706
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.
Price $4,500,000
Taxes: $42,675
Occupancy by: Tenant
Address: 535-545 RUSSELL Rd , Clarence-Rockland, K0A 2A0, Ontario
Postal Code: K0A 2A0
Province/State: Ontario
Legal Description: RUSSELL STANDARD CONDOMINIUM PLAN NO. 68
Lot Size: 255.63 x 254.84 (Feet)
Directions/Cross Streets: Take Russell Road East until you reach the village of Cheney
Zoning: RV2-10
Category: Apartment
Insurance Expense: $10073
Water Expense: $5716
Gross Income/Sales: $370404
Operating Expenses: $80094
Net Income Before Debt: $290310
Volts: 240
Heat Type: Water
Central Air Conditioning: Central Air
Sewers: Septic Avail
Water: Municipal
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX DELTA REALTY TEAM

535-545 RUSSELL Rd , Clarence-Rockland, K0A 2A0, Ontario

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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At a Glance:
Type: Com - Investment
Area: Prescott and Russell
Municipality: Clarence-Rockland
Neighbourhood: 607 - Clarence/Rockland Twp
Style:
Lot Size: 255.63 x 254.84(Feet)
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Tax: $42,675
Maintenance Fee: $0
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908