Header

 

logo

header

$4,500,000
Available - For Sale
Listing ID: 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.
Price $4,500,000
Taxes: $42,675
Occupancy by: Tenant
Address: 535-545 RUSSELL Rd , Clarence-Rockland, K0A 2A0, Ontario
Postal Code: K0A 2A0
Province/State: Ontario
Legal Description: RUSSELL STANDARD CONDOMINIUM PLAN NO. 68
Lot Size: 255.63 x 254.84 (Feet)
Directions/Cross Streets: Take Russell Road East until you reach the village of Cheney
Zoning: RV2-10
Category: Apartment
Insurance Expense: $10073
Water Expense: $5716
Gross Income/Sales: $370404
Operating Expenses: $80094
Net Income Before Debt: $290310
Volts: 240
Heat Type: Water
Central Air Conditioning: Central Air
Sewers: Septic Avail
Water: Municipal
First Name: *
Last Name: *
Phone: *
Email: *
Showing Date:
Showing Time:
I Am Thinking of Moving
 
First Name: *
Last Name: *
Phone: *
Email: *

Message:

From:

Name:
Email:

To:

Name:
Email:

Comment:

 

Down payment: $  
Interest Rate: %  
Amortization :  Years
Payment Frequency:
Your Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
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 $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX DELTA REALTY TEAM

535-545 RUSSELL Rd , Clarence-Rockland, K0A 2A0, Ontario


 
 Book Showing   Email a Friend 
Jump To:
At a Glance:
Type: Com - Investment
Area: Prescott and Russell
Municipality: Clarence-Rockland
Neighbourhood: 607 - Clarence/Rockland Twp
Style:
Lot Size: 255.63 x 254.84(Feet)
Approximate Age:
Tax: $42,675
Maintenance Fee: $0
Beds:
Baths:
Garage: 0
Fireplace:
Air Conditioning:
Pool:
Locatin Map:
View Larger Map
Payment Calculator:
Price:
Down Payment: %
Rate: %
Amortization:  Years
Frequency
Calculate
Down Payment:
Mortgage Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Listing info
Description
General Details
Property Detail
Financial Info
Utilities and more
Get More Info:
Book Showing
Request More Info
Email Friend
Photos and movies:
View Slide Show
View All Photos
Calculator:
Affordability Chart
Mortgage Calculator
More To Do:
Print This Page

Listing added to compare list, click here  to view comparison chart.
!-- start of askavenue script -->