Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Pets: | No Pets Allowed |
Financials
Price:C1,155,000
($819,796)
(€713,424)
Annual Taxes:C18,285
Great 1st time apartment investor building.
Description
Great 1st time apartment investor building. 2 storey frame asset former motel converted into rental apartments. Fully occupied with 10 suites renovated and affordable rental. 17 suites with about $200,000 spent. 7% cap rate on asking price and $67,000 per suite which is way below replacement costs. Baseboard electric heating. Large site with ample parking. Potential to sub meter hydro moving forward. Owner pays cable and internet and this could be reduced on turnover.
Amenities
- Available
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
