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535-545 Russell Road Clarence-Rockland, Ontario K0A 2A0

Central Air Conditioning Hot Water Radiator Heat

$4,500,000

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:59524)

Property Details

MLS® Number X9519706
Property Type Multi-family
Neigbourhood CHENEY
Community Name 607 - Clarence/Rockland Twp
ParkingSpaceTotal 40

Building

BasementDevelopment Finished
BasementType Full (finished)
CoolingType Central Air Conditioning
ExteriorFinish Vinyl Siding, Stone
FoundationType Concrete
HeatingFuel Natural Gas
HeatingType Hot Water Radiator Heat
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 254 Ft ,10 In
SizeFrontage 255 Ft ,7 In
SizeIrregular Unit=255.63 X 254.84 Ft ; 0
SizeTotalText Unit=255.63 X 254.84 Ft ; 0
ZoningDescription Rv2-10

https://www.realtor.ca/real-estate/27441826/535-545-russell-road-clarence-rockland-607-clarencerockland-twp

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