We are very proud to say that
real estate business is our passion
Our main goal is to help our students develop in to strong leaders who are equity minded and enter the world with the intention to help and support.
Selva Homes
535-545 RUSSELL Rd
Clarence-Rockland Prescott and Russell Ontario
$ 4500000
Features
FOR Sale
AC : Y
Garage :
Tot Area : 0.00
Year Built :
Heating : Gas Hot Water
Occupancy : Tenant
MLS # : X9519706
Type : Investment
2024-12-30 17:28:11.0
Description
Solid investment opportunity for the savvy investor! Priced at 6.4 cap with present-day NOI (current appraisal on file). Room to grow top line revenue on turnover (14 of 20 units remain rented under market rates). Consists of 2 buildings each with 10 units (7 x 2-bedrooms and 3 x 1-bedrooms) for a total of 20 units. Individual units registered as condos (but not operated as such), which opens interesting options for future exit strategies for the experienced investor. All units are individually metered for both heat (natural gas), hydro and equipped with A/C units. Low maintenance units with ceramic and laminate flooring throughout. Interior storage units available for each unit and plenty of parking. Built in 2015. Meticulously managed property by owner operators with pride of ownership.