Description
Multi-residential investment opportunity with 10-unit 2-story apartment (8 are legalized), 9 are leased. This asset is currently producing a net income of $68,980.49 (8 units). Including all 9 leased units, the net income increases to $84,580.49. If the property were fully leased, the potential NOI is over $100,000. The Landlord pays for all utilities; separate hydro meters are available that have never been hooked up. The property contains 3 septic beds and 1 drilled well. The building is being sold in an as-is where-is capacity. There is outstanding capital required; Seller estimates $70,000. The 2025 expenses are currently estimated.
Location Description
F.R Nelson Road
Property Details
- Community: Rural Severn
- Property Type: Tenant/Commercial
- Bath: 10
- Garages: Outside/Surface
- Annual Property Taxes : $ 6626
Building Features
- Parking Type : Outside/Surface
Features
- Heating : Baseboard
- Sewer : Septic ,
Listing Contracted With: SUTTON GROUP INCENTIVE REALTY INC.
