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$ 1,499,900
Est. payment | /mo
$ 1,499,900
Est. payment | /mo
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision 601 - Village Of Russell
MLS® Listing ID X9515522
Originating Board Ottawa Real Estate Board
Property Description
Discover an outstanding residential and commercial investment in Russell, boasting a spacious 4800 sqft all brick building with a basement area. Currently, the main floor hosts four leased commercial units, while upstairs features three apartments: two 2-bedroom and one 3-bedroom. The basement includes pay laundry facilities and individual storage lockers for each unit. With a large heat pump boiler system ensuring efficiency, this property offers 26 parking spots and a compelling 5.9% cap rate. Gross Operating Income stands at $122,118 (excluding Commercial HST), with Operating Expenses of $33,401.15, resulting in a Net Operating Income of $88,716.85 (excluding Commercial HST). Commercial AC Units x 4 replaced in 2022. With its prime location and high rental demand, this investment opportunity in Russell is not to be missed. Schedule a viewing today to secure your position in this flourishing market. (id:24570)
Location
State ON
Interior
Heating Heat Pump
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 26
Private Pool No
Building
Sewer Sanitary sewer
Listed by AVENUE NORTH REALTY INC.