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535-545 RUSSELL ROAD
Clarence Creek, Ontario K0A2A0

$4,500,000

ID# 1405496
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:25961)
Courtesy of RE/MAX DELTA REALTY TEAM
Listed on: September 18, 2024

On market: 58 days
Year Built 2015
Cooling Type Central air conditioning
Heating Type Forced air, Hot water radiator heat
Heating Fuel Natural gas, Other
Stories Total 3
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