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$ 1,149,000
Est. payment | /mo
13 Beds
10 Baths
4,999 SqFt
$ 1,149,000
Est. payment | /mo
13 Beds
10 Baths
4,999 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,999 sqft
Price per Sqft $229
Subdivision 807 - Edwardsburgh/Cardinal Twp
MLS® Listing ID X10434131
Bedrooms 13
Originating Board Kingston & Area Real Estate Association
Property Description
Exceptional opportunity for an investor looking to grow their portfolio with a cash positive investment. This Turn-Key property is located minutes from the 401, U.S. Bridge and Hwy. 416. Originally a motel, this commercially-built property was converted to a 7-Unit Residential Apartment Complex in the late 90's Preliminary approval in place for storage rental spaces. Upgraded septic and two wells service the property. Mechanical upgrades in the past 7 years include boiler systems, metal shingles and high efficiency propane furnaces in the last 7 years. Owner occupied unit will be vacant upon closing. Main building consists of 1-3 bedroom, 4-2 bedroom, 2-1 bedroom, detached garage and separate laundry. 3 of the 2 bedroom units have 2 baths, all other units have one bath. Units 3, 4 and 5 are 3pce., Units 1, 2, 6 and 7 are 4pce. Plenty of parking and outdoor space for each tenant. (id:24570)
Location
State ON
Interior
Heating Other
Cooling Central air conditioning
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 16
Private Pool No
Building
Story 2
Sewer Septic System
Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE