List Price: $899,900
MLS# X9233421
Brokerage: RE/MAX REALTRON REALTY INC.
A prime investment opportunity, this well-maintained building offers close to 9,000 sq. ft. of rentable space. The main floor, currently vacant and zoned commercial, awaits your vision. The second floor features 9 residential 1 bedroom apartments, each generating $1,180/month in rent plus heat and electric. With a current monthly income of $10,620, the property is occupied by quality tenants, fostering a safe and secure community. Recently rebuilt with engineering and city permits, encapsulating masonry, windows, framing, electrical, plumbing, fire-rated drywall, and insulation. The building also features separate meters and minimal maintenance. This property offers security in a highly attractive cap rate alongside robust cash flow. Priced to sell.
Washrooms | 9 |
---|---|
Bedrooms | 9 |
Basement | Full |
Lot Front | 64.00 |
Lot Depth | 136.00 |
Central Vac | |
Days On Market | 114.0 |
Heat Source | Electric |
Garage Type | Attached |
Approx Age | 51-99 |
Approx Square Footage | 5000+ |
Taxes | 17000.00 |
Type | Multiplex |
Community | |
Air Conditioning | None |
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