2039 COUNTY RD 44

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Description

Exceptional opportunity for an investor looking to grow their portfolio with a cash positive investment. This Turn-Key property is located minutes from the 401, U.S. Bridge and Hwy. 416. Originally a motel, this commercially-built property was converted t a 7-Unit Residential Apartment Complex in the late 90's Preliminary approval in place for storage rental spaces. Upgraded septic and two wells service the property. Mechanical upgrades in the past 7 years include boiler systems, metal shingles and high efficiency propane furnaces in the last 7 years. Owner occupied unit will be vacant upon closing. Main building consists of 1-3 bedroom, 4-2 bedroom, 2-1 bedroom, detached garage and separate laundry. 3 of the 2 bedroom units have 2 baths, all other units have one bath. Plenty of parking and outdoor space for each tenant. (id:39198)

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Additional media

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Property taxes

$5,100.00 per year / $425.00 per month

Basement

None

Year build

1962

Type

Multi-family

Bedrooms

13

Bathrooms

10

Parking spots

16 Total

Floor

-

Balcony

-

Pool

-

External material

Vinyl siding

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Radiant heat, Forced air, Propane

Fire place(s)

-