535-545 RUSSELL

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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. (id:39198)

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Additional media

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Property taxes

$42,675.00 per year / $3,556.25 per month

Basement

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Year build

2015

Type

Multi-family

Bedrooms

null

Bathrooms

null

Parking spots

40 Total

Floor

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Balcony

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Pool

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External material

Stone | Vinyl

Roof type

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Lot frontage

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Lot depth

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Heating

Hot water radiator heat, Forced air, Natural gas, Other

Fire place(s)

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