ON
Clarence-Rockland
K0A2A0
535-545 RUSSELL Road
535-545 RUSSELL Road, Clarence-Rockland, ON K0A2A0
Listing Type
Multi Family
Listing Status
active
30
$4,500,000

Home Details for 535-545 RUSSELL Road

Price
$4,500,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Parking
Days on site
39
Listing #
27441826
Listing courtesy: RE/MAX DELTA REALTY TEAM
Property 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:31684)

Property Features
  • Heating Information
    • Hot Water
    • Radiant
    • Natural Gas
  • Cooling Information
    • Central Air
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645 Edwards Street, Rockland, ON K4K 1L4
Office
613 446 2600
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