Central Air ConditioningDuctless, Furnace, Space Heater
$2,999,999
RARE OPPORTUNITY TO OWN A ROCK SOLID 21 UNIT BUILDING IN POPULAR RENTAL AREA. 3 STOREY BUILDING WITH 15 APARTMENTS AND 6 COMMERCIAL UNITS. 15 APARTMENTS ARE COMPRISED OF 11-1 BEDROOMS AND 4-2 BEDROOMS INCLUDING 1 MEGA UNIT THAT WAS CONSTRUCTED FOR A PREVIOUS OWNER OCCUPANT. TONS OF UPDATES OVER THE LAST 10 YEARS INCLUDING ALMOST EVERY APARTMENT UNIT. APARTMENTS WERE CONVERTED FROM ELECTRIC BASEBOARD HEAT TO DUCTLESS GAS HEATERS. COMMON HALLWAYS AND STAIRWELLS WERE RENOVATED IN THE LAST YEAR. 6 COMMERCIAL UNITS FULLY RENTED ON TERM LEASES. LOTS OF UPSIDE LEFT ON RESIDENTIAL RENTS. OFFERED AT AN IMPOSSIBLE TO FIND 6% EXISTING CAP RATE. CONTACT LS FOR FINANCIALS. (id:11882)
Central Air ConditioningDuctless, Furnace, Space Heater
$2,999,999
RARE OPPORTUNITY TO OWN A ROCK SOLID 21 UNIT BUILDING IN POPULAR RENTAL AREA. 3 STOREY BUILDING WITH 15 APARTMENTS AND 6 COMMERCIAL UNITS. 15 APARTMENTS ARE COMPRISED OF 11-1 BEDROOMS AND 4-2 BEDROOMS INCLUDING 1 MEGA UNIT THAT WAS CONSTRUCTED FOR A PREVIOUS OWNER OCCUPANT. TONS OF UPDATES OVER THE LAST 10 YEARS INCLUDING ALMOST EVERY APARTMENT UNIT. APARTMENTS WERE CONVERTED FROM ELECTRIC BASEBOARD HEAT TO DUCTLESS GAS HEATERS. COMMON HALLWAYS AND STAIRWELLS WERE RENOVATED IN THE LAST YEAR. 6 COMMERCIAL UNITS FULLY RENTED ON TERM LEASES. LOTS OF UPSIDE LEFT ON RESIDENTIAL RENTS. OFFERED AT AN IMPOSSIBLE TO FIND 6% EXISTING CAP RATE. CONTACT LS FOR FINANCIALS. (id:11882)
Remax is well known in our area and trusted to create buying and selling experiences that are simply better than other realtors. Over the last 10+ years we’ve established ourselves as the realty office worthy of your trust. As we continue to be the obvious choice with real estate in Barrie, we will continue to make every client we work with feel good about their buying and selling experiences with us.
