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Maria Tompson
Sales Representative
Remax Example Inc., Brokerage
Independently owned and operated.
4711 Yonge Street, 10th Floor, Toronto, Ontario M2N 6K8
Cell: 416-548-7854Office: 416-548-7854Fax: 416-981-7184Toll Free: 1-866-382-2968
$4,500,000
Available - For Sale
Listing ID: X9519706
535-545 RUSSELL Rd , Clarence-Rockland, K0A 2A0, Ontario
| 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: | $42675.00 |
| 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 |
| 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 |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX DELTA REALTY TEAM |
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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Com - Investment |
| Area: | Prescott and Russell |
| Municipality: | Clarence-Rockland |
| Neighbourhood: | 607 - Clarence/Rockland Twp |
| Lot Size: | 255.63 x 254.84(Feet) |
| Tax: | $42,675 |
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