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$ 1,195,000
Est. payment /mo
Active
320 GLEESON AVENUE Cornwall, ON K6J1E3
10,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $119
Subdivision 717 - Cornwall
MLS® Listing ID X12457460
Source Cornwall & District Real Estate Board
Property Description
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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling None
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by EXSELLENCE TEAM REALTY INC.
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