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$1,195,000
Available - For Sale
Listing ID: X12457460
MOTIVATED SELLER !!! 9 PLEX FOR SALE IN THE GROWING CORNWALL RENTAL MARKET!!! NINE UNIT APARTMENT BUILDING, UPDATED AND SPACIOUS UNITS (APPROXIMATELY 1000 SQUARE FEET) IN A NICE AREA OF THE CITY. GOOD PARKING AND EXTRA INCOME FROM COIN OPERATED LAUNDRY ROOM. THE BUILDING SHOWS VERY WELL WITH LOTS OF PARKING IN FRONT OF THE BUILDING. MIN. 24 HOUR NOTICE FOR SHOWINGS.GROSS AND NET INCOME IS BASED ON FULLY OCCUPANCY Total of 8-two bedrm units plus 1-one bedrm unit. Upgrades done last 2 years:- Full New Roof- Renovated Unit 2,4,6,8- Unit 6 Extensive Renovation- Unit 1 Bathroom Overhaul and full Renovation of the unit. Painting and flooring updated in some units too- Newly Painted common areas in full building- Upgraded all electric panels from fuses to break panels.Building Sewer Lateral Replacement - Brant New.Outdoor shed Removal.Front entrance is repainted..Currently close to a 6 % cap rate (5.6 % cap rate)with some units way below market rent levels! Tons of potential! One of the Seller is Registered Real Estate Salesperson.
Price $1,195,000
Taxes: $16,714
Tax Type: Annual
Occupancy by: Tenant
Address: 320 Gleeson Aven , Cornwall, K6J 1E3, Stormont, Dundas
Postal Code: K6J 1E3
Province/State: Stormont, Dundas
Directions/Cross Streets: Gleeson
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 0
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 0
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 10,000
Total Area Code:  Square Feet
 Management Expense: 4320
Maintenance: 0
Water Expense: $6310
Net Income Before Debt: $65329
Expenses Actual/Estimated: $Est
Heat Type: Other
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
EXSELLENCE TEAM REALTY INC.

320 Gleeson Aven , Cornwall, K6J 1E3, Stormont, Dundas


 
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At a Glance:
Type: Com - Investment
Area: Stormont, Dundas and Glengarry
Municipality: Cornwall
Neighbourhood: 717 - Cornwall
Style:
Lot Size: x 103.20(Feet)
Approximate Age:
Tax: $16,714
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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