Property Type:
Multi-Family
Bedrooms:
6
Baths:
2
Square Footage:
1,974
Lot Size (sq. ft.):
2,178
Status:
Closed
Current Price:
$1,599,000
List Date:
7/05/2021
Last Modified:
4/21/2022
Overview
Description
-2 Single family - 2 duplexes - 25 total rooms - 33 tenants
Address are 718 Church, 720 Church, 905 Rankin A&B, 708 Campbell Street A&B
Brings in over 14k a month - NOI is about 11k PLUS (these numbers can easily go up with our management!) Owner is currently raising them and will be even higher before closing
Very rare opportunity with letters from the city permitting 'Rooming houses'' which holds tremendous value! There is a huge wait list for tenants wanting to get in along with companies such as trillium and sec 8. Could also be a half way house play, senior living etc which usually rents even higher per room.
Roofs are all under 4 years old. Hvacs are all under warranty and the properties have new floors and paint
Windows have been upgraded. With proof of funds can provide all financials.
Last Updated: April - 21 - 2022
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