Property Information:
Discover an outstanding residential and commercial investment in Russell, boasting a spacious 4800 sqft all brick building with a basement area. Currently, the main floor hosts four leased commercial units, while upstairs features three apartments: two 2-bedroom and one 3-bedroom. The basement includes pay laundry facilities and individual storage lockers for each unit. With a large heat pump boiler system ensuring efficiency, this property offers 26 parking spots and a compelling 5.9% cap rate. Gross Operating Income stands at $122,118 (excluding Commercial HST), with Operating Expenses of $33,401.15, resulting in a Net Operating Income of $88,716.85 (excluding Commercial HST). Commercial AC Units x 4 replaced in 2022. With its prime location and high rental demand, this investment opportunity in Russell is not to be missed. Schedule a viewing today to secure your position in this flourishing market. (id:27)
Building Features:
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Style:
Multiplex
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Building Type:
Multi-Family
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Basement Development:
Unfinished
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Basement Type:
Full
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Exterior Finish:
Brick
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Foundation Type:
Concrete
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Heating Type:
Heat Pump
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Heating Fuel:
Natural gas
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Cooling Type:
Central air conditioning
