Rare opportunity to acquire a well-maintained 8-unit asset, constructed in 1988, offering an attractive mix of renovated units and strong in-place cash flow. The property features four (4) one-bedroom units, two (2) townhouse-style two-bedroom units, and two (2) townhouse-style three-bedroom units. All units offer open-concept layouts with breakfast bars overlooking the living and dining areas. Kitchens have been renovated, and bathrooms are outfitted with durable vinyl surrounds, minimizing ongoing maintenance. Additional tenant amenities include individual storage units, in-building laundry connections, and off-street parking. Located along multiple public transportation routes and within close proximity to area amenities, the property benefits from strong rental demand. The asset is currently offered at a 7.25% capitalization rate on in-place income, and offers investors upside to increase rents moving forward. Also available as a package MLS#:73481300
7,072 Sq Ft
7,479 Sq Ft Lot Size
investment
US$16,911 Annual Tax
Built in 1988
MLS/Listing ID 73502739
5 Stories
8 Units
Lot - Easement
Lot - Level
Concrete Perimeter
Tile
Vinyl
Natural Wood
Construction - Frame
Community - Park
Community - Public Transportation
Community - Shopping
Rubber
Varies per Unit
Community - Walk/Jog Trails
Community - University
Community - T-Station
Community - Public School
Community - Medical Facility
Community - Laundromat
Community - Highway Access
Insulated Windows
Parking - Assigned
Parking - Off Street
Parking - Paved
TOTAL MONTHLY COST
US$0
US$0
US$0