Gillian Leyland

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535-545 RUSSELL ROAD
607 - Clarence/Rockland Twp Clarence-Rockland K0A 2A0

$4,500,000
Multi-family 0 sq. ft.

Main Photo: 535-545 RUSSELL ROAD in Clarence-Rockland: Multi-family for sale : MLS®# X9519706
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Status:
Active
Prop. Type:
Multi-family
MLS® Num:
X9519706
Solid investment opportunity for the savvy investor! Priced at 6.4 cap with present-day NOI (current appraisal on file). Room to grow top line revenue on turnover (14 of 20 units remain rented under market rates). Consists of 2 buildings each with 10 units (7 x 2-bedrooms and 3 x 1-bedrooms) for a total of 20 units. Individual units registered as condos (but not operated as such), which opens interesting options for future exit strategies for the experienced investor. All units are individually metered for both heat (natural gas), hydro and equipped with A/C units. Low maintenance units with ceramic and laminate flooring throughout. Interior storage units available for each unit and plenty of parking. Built in 2015. Meticulously managed property by owner operators with pride of ownership. (id:2493)
Property Type:
Multi-family
Property Attached:
Yes
Total Living Area:
0 sq. ft.
Zoning:
RV2-10
Taxes:
$42,675 / -
Community:
607 - Clarence/Rockland Twp
Exterior Features:
Stone, Vinyl siding
Structure Type:
Multi-Family
Cooling:
Fully air conditioned
Fireplace:
No
Foundation:
Concrete
Heating:
Hot water radiator heat, Natural gas
Water:
Municipal water
Lot Details:
Unit=255.63 x 254.84 FT ; 0
Total Parking Spaces:
40
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Listed by RE/MAX DELTA REALTY TEAM and LENNARD COMMERCIAL REALTY
Data was last updated December 22, 2024 at 09:45 PM (UTC)
Gillian Leyland
Direct: 613-769-2571
Office: 613-830-0000
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.