Property Information:
Great opportunity for Investment. Purchase a 12 Unit Apartment Building. The property currently has approximately 2 Acres of Land, included, of which the owner is in the process of zoning and severing for a proposed 14 unit Apartment Building. The building can be purchased with or without the extra acre + of land. Price is based on 5.5% cap rate on CMHC income and expense standards. Common area water & sewer $5,331/yr and Hydro $1,516/yr. Tenant pays utilities. Common are payable by Owner. (id:27)
Building Features:
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Style:
Multiplex
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Building Type:
Multi-Family
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Floor Space:
2 ac
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Heating Type:
Baseboard heaters
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Cooling Type:
None