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$ 1,999,000
Est. payment | /mo
8 Beds
12 Baths
$ 1,999,000
Est. payment | /mo
8 Beds
12 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID X11894325
Style 3-Storey
Bedrooms 8
Annual Tax Amount $22,869
Tax Year 2024
Property Description
Rare opportunity to purchase a building like this in the core area. Solid brick 12 unit apartment building. Huge upside potential with rents in the $1350. A month range of value of $2,800,000 at 5% cap rate potential rents of $1600 a month with high end finishes to the units and a projected market value of almost $3,600,000 at a 5% cap rate. Lots of parking in the back parking lot. Solid built building. Roof approx. 8 years old. Located right downtown within walking distance to shops, Victoria park and all amenities. 11 one bedroom apartments and 1 bachelor apartment. Laundry located in lower level.
Location
State ON
County Middlesex
Community East F
Area Middlesex
Region East F
City Region East F
Rooms
Family Room No
Basement None
Kitchen 12
Separate Den/Office 3
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Lane
Garage Spaces 12.0
Pool None
Roof Type Flat
Lot Depth 166.0
Total Parking Spaces 12
Building
Unit Features Hospital,Library,Park,Place Of Worship,Public Transit,School
Foundation Concrete
Listed by SUTTON GROUP - SELECT REALTY
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