535-545 RUSSELL RD Pending Save Request In-Person Tour Request Virtual Tour
Clarence-rockland,ON K0A 2A0
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
MLS Listing ID X9519706
Annual Tax Amount $42,675
Tax Year 2023
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.
Location
State ON
County Prescott And Russell
Community 607 - Clarence/Rockland Twp
Area Prescott And Russell
Zoning RV2-10
Region 607 - Clarence/Rockland Twp
City Region 607 - Clarence/Rockland Twp
Rooms
Family Room No
Interior
Cooling Yes
Exterior
Utilities Available Unknown
Roof Type Asphalt Shingle
Lot Frontage 255.63
Lot Depth 254.84
Building
Foundation Concrete
Others
Security Features Unknown
Pets Allowed Unknown