Central Air Conditioning
Forced Air, Heat Pump
$1,499,900
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:53341)
Property Details
MLS® Number
|
1378535 |
Property Type
|
Multi-family |
Neigbourhood
|
Russell |
ParkingSpaceTotal
|
26 |
Building
ConstructedDate
|
1995 |
CoolingType
|
Central Air Conditioning |
ExteriorFinish
|
Brick |
FoundationType
|
Poured Concrete |
HeatingFuel
|
Natural Gas |
HeatingType
|
Forced Air, Heat Pump |
StoriesTotal
|
2 |
UtilityWater
|
Municipal Water |
Land
Acreage
|
No |
Sewer
|
Municipal Sewage System |
SizeDepth
|
100 Ft |
SizeFrontage
|
125 Ft |
SizeIrregular
|
125 Ft X 100 Ft |
SizeTotalText
|
125 Ft X 100 Ft |
ZoningDescription
|
471 |