Rarely does a turn-key, apartment building of this quality become available. All you have to do is sign the paperwork and start cashing cheques. Gross income is $113,580 with room to improve. NOI is $76,203. 4.7 Cap Rate. Your new 8 unit building is a solid concrete construction with brick exterior. No post tension cables to be concerned about. This one is almost all new. Roof, boiler, hot water tank, and windows have all been recently replaced. The suite mix is awesome with 5 spacious 2 bedroom units and 3 good sized one bedroom units. All of the units have been completely renovated with new floors, kitchen, bathrooms, etc. All suites also feature their own laundry. Several suites have exceptional downtown views. All of this leads to a building that attracts and retains high quality tenants. The building is already condo titled which allows for some creative buying strategies and multiple exit strategies as well. Don't delay, this one is expected to sell quickly! (id:15898)
Estimated Monthly Mortgage$6,074
Listed by: RE/MAX ROCKY VIEW REAL ESTATE
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