535-545 Russell Road , Clarence-Rockland, ON K0A 2A0
Clarence-Rockland, ON K0A 2A0
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.
Details
| MLS# | X9519706 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Sold Conditional |
| Days On Site | 76 |
| Listing Provided By | RE/MAX DELTA REALTY TEAM | Not Provided |
Features
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Learn More About This Property
| State | ON |
|---|---|
| County | Prescott and Russell |
| City | Clarence-Rockland |
| Zip Code | K0A 2A0 |
| Area | 607 Clarence | Rockland Twp |
| Listing VS Median (in K0A 2A0) | |
Price: $4,500,000 low | high Med: $0 On Site: 76 low | high Med: | |