$4,500,000
535-545 RUSSELL RD Clarence-rockland, ON K0A 2A0
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$4,500,000
Est. payment /mo
Pending
535-545 RUSSELL RD Clarence-rockland, ON K0A 2A0
UPDATED:
10/30/2024 01:22 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
MLS Listing ID X9519706
Annual Tax Amount $42,675
Tax Year 2023
Property Description
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.
Location
Province ON
County Prescott And Russell
Area 607 - Clarence/Rockland Twp
Rooms
Family Room No
Basement Full, Finished
Interior
Cooling Central Air
Heat Source Gas
Exterior
Garage Spaces 40.0
Pool None
Utilities Available Unknown
Roof Type Asphalt Shingle
Parking Type Unknown
Building
Story 3
Foundation Concrete
Others
Security Features Unknown
Pets Description Unknown
Listed by RE/MAX DELTA REALTY TEAM
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