17 Bedroom
8 Bathroom
5008
None
Baseboard Heaters
$2,200,000
Experience ease of management with ample basement space designated for storage or a superintendent's workshop, complemented by an external shed for snow or landscaping tools. The property has undergone a series of recent upgrades: a new roof, modernized kitchens in most units, vinyl plank flooring, and an upgrade to ABS plumbing. Operating at a 6.11% cap rate, many of the units are paying market rents and vacancies have shown to be filled quickly. The rents are 23.7% below market value and that means lots of upside potential. Experience immediate returns in this turn-key residential investment. Financials available upon submitting a confidentiality agreement (See Attachment Section). (id:53603)
Property Details
MLS® Number
|
40559885 |
Property Type
|
Multi-family |
Features
|
Shared Driveway, Laundry- Coin Operated |
Parking Space Total
|
9 |
Structure
|
Shed |
Building
Bathroom Total
|
8 |
Bedrooms Total
|
17 |
Basement Development
|
Finished |
Basement Type
|
Full (finished) |
Cooling Type
|
None |
Exterior Finish
|
Brick |
Foundation Type
|
Block |
Heating Fuel
|
Natural Gas |
Heating Type
|
Baseboard Heaters |
Stories Total
|
2 |
Size Interior
|
5008 |
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Sewer
|
Municipal Sewage System |
Size Depth
|
131 Ft |
Size Frontage
|
97 Ft |
Size Total Text
|
Under 1/2 Acre |
Zoning Description
|
C1 |
https://www.realtor.ca/real-estate/26785791/20-miller-street-parry-sound