191 CASTOR

Home Details

Description

Discover an outstanding residential and commercial investment in Russell, boasting a spacious 4800 sqft all brick building with a basement area. Currently, the main floor hosts four leased commercial units, while upstairs features three apartments: two 2-bedroom and one 3-bedroom. The basement includes pay laundry facilities and individual storage lockers for each unit. With a large heat pump boiler system ensuring efficiency, this property offers 26 parking spots and a compelling 5.9% cap rate. Gross Operating Income stands at $122,118 (excluding Commercial HST), with Operating Expenses of $33,401.15, resulting in a Net Operating Income of $88,716.85 (excluding Commercial HST). Commercial AC Units x 4 replaced in 2022. With its prime location and high rental demand, this investment opportunity in Russell is not to be missed. Schedule a viewing today to secure your position in this flourishing market. (id:39198)

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Additional media

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Property taxes

$11,314.00 per year / $942.83 per month

Basement

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Year build

1995

Type

Multi-family

Bedrooms

null

Bathrooms

null

Parking spots

26 Total

Floor

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Balcony

-

Pool

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External material

Brick

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Heat Pump, Forced air, Natural gas

Fire place(s)

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