REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 819,000
Est. payment | /mo
5,232 SqFt
$ 819,000
Est. payment | /mo
5,232 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5232
Square Footage 5,232 sqft
Price per Sqft $156
Subdivision 607 - Clarence/Rockland Twp
MLS® Listing ID X13050710
Property Description
Welcome to 3874 Champlain Street. 6.8% CAP! This well-maintained 7-UNIT multi-residential property on 0.648 acres of land offers a strong investment opportunity with stable income and long-term potential and is offered at only $117,000/unit. The building consists of six (6) 2-bedroom units and one (1) 3-bedroom unit, all currently tenanted. Extensive updates have been completed, including a new roof (2023) and siding, updated plumbing and electrical systems, upgraded septic system (2012), and the installation of a new boiler along with tankless hot water systems. The property features a large timber frame foundation and operates on a single hydro meter. Six (6) storage lockers are included for tenant use. This offering presents a solid income-generating asset and is well-suited for investors seeking a turnkey, fully leased multi-unit property. Opportunity exists to increase revenues and further enhance returns through rental optimization! (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 7
Garage No
Private Pool No
Listed by ROYAL LEPAGE INTEGRITY REALTY