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$795,000 · 7 Suite Apartment Building in Lovely South Port Neighbourhood
Never a vacancy, never a loss of rent. Most rent have not increased in years, so income is somewhat below market rent. Every tenant has been screened and has a residential tenancy agreement, conditional inspection report and full damage deposit. (3-2 bedroom suites, 2-1 bedroom suites, & 2 studio suites). Hydro upgrades with 8 new meters, Newer roof, 3 stories, may be a conversion, basement is one large suit.
Income is $60K per year and expenses are $13K per year. Tenants pay own utilities, and each tenant has own private entrance--so no common hallway. Located on a hill with some great views down the canal. We are not realtors, but private sellers. ONLY serious inquirers who leave PHONE NUMBERS will be contacted. This is a good money maker for a good landlord.
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|Category||Comm. Property Sales|
|Posted||November 09, 2020|