Exceptional opportunity for an investor looking to grow their portfolio with a cash positive investment. This Turn-Key property is located minutes from the 401, U.S. Bridge and Hwy. 416. Originally a motel, this commercially-built property was converted t a 7-Unit Residential Apartment Complex in the late 90's Preliminary approval in place for storage rental spaces. Upgraded septic and two wells service the property. Mechanical upgrades in the past 7 years include boiler systems, metal shingles and high efficiency propane furnaces in the last 7 years. Owner occupied unit will be vacant upon closing. Main building consists of 1-3 bedroom, 4-2 bedroom, 2-1 bedroom, detached garage and separate laundry. 3 of the 2 bedroom units have 2 baths, all other units have one bath. Plenty of parking and outdoor space for each tenant. (id:47482)
MLS® Number | X9412189 |
Property Type | Business |
Community Name | 807 - Edwardsburgh/Cardinal Twp |
ParkingSpaceTotal | 16 |
BedroomsTotal | 13 |
Amenities | Separate Heating Controls |
CoolingType | Central Air Conditioning |
ExteriorFinish | Vinyl Siding |
FoundationType | Slab |
HeatingFuel | Propane |
HeatingType | Forced Air |
SizeInterior | 6991 Sqft |
Detached Garage |
Acreage | No |
Sewer | Septic System |
SizeDepth | 322 Ft ,10 In |
SizeFrontage | 274 Ft ,3 In |
SizeIrregular | Unit=274.25 X 322.89 Ft |
SizeTotalText | Unit=274.25 X 322.89 Ft|1/2 - 1.99 Acres |
ZoningDescription | Ru-3 |
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