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Clarence-rockland, ON K0A 2A0,535-545 RUSSELL RD
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Clarence-rockland, ON K0A 2A0,535-545 RUSSELL RD
Clarence-rockland, ON K0A 2A0,535-545 RUSSELL RD
Clarence-rockland, ON K0A 2A0,535-545 RUSSELL RD
Clarence-rockland, ON K0A 2A0,535-545 RUSSELL RD
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 4,500,000
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535-545 RUSSELL RD Clarence-rockland, ON K0A 2A0

UPDATED:

11/21/2024 05:28 AM

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

Building

Story 3

Foundation Concrete

Others

Security Features Unknown

Pets Description Unknown

Listed by RE/MAX DELTA REALTY TEAM
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535-545 RUSSELL RD