320 GLEESON AVENUE
320 GLEESON AVENUE
For Sale
$1,195,000
Description
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9 PLEX FOR SALE IN THE GROWING CORNWALL RENTAL MARKET!!! NINE UNIT APARTMENT BUILDING, UPDATED AND SPACIOUS UNITS (APPROXIMATELY 1000 SQUARE FEET) IN A NICE AREA OF THE CITY. GOOD PARKING AND EXTRA INCOME FROM COIN OPERATED LAUNDRY ROOM. THE BUILDING SHOWS VERY WELL WITH LOTS OF PARKING IN FRONT OF THE BUILDING. MINIMUM 24 HOUR NOTICE FOR SHOWINGS.GROSS AND NET INCOME IS BASED ON FULLY OCCUPANCY Total of 8-two bedroom units plus 1-one bedroom unit. Upgrades done last 2 years:- Full New Roof- Renovated Unit 2,4,6,8- Unit 6 Extensive Renovation- Unit 1 Bathroom Overhaul and full Renovation of the unit currently being done. Painting and flooring updated in some units too- Newly Painted common areas in full building- Upgraded all electric panels from fuses to break panels – Building Sewer Lateral Replacement – Brant New.Outdoor shed Removal.Front entrance is being repainted.Potential to generate higher NOI with some units way below market rent levels! One of the Seller is Registered Real Estate Salesperson. (id:62834)
Features
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30 Years Fixed, 3.5% Interest
- Principal and Interest
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