Quick Summary
Quick Summary
- Newly built multi-plex fully leased in 2021
- 4 units at 805 sqft each with potential for 2 more units
- Separate utilities, laundry, appliances in each unit
- 6 off-street parking spots, one per unit
- Security cameras and secured entrance installed
- 5% cap rate currently, 8% potential with lower units
- Landlord pays water, sewer and taxes
- Turn-key investment opportunity
Here is your opportunity to take over a newly constructed multi-plex that is fully leased with great tenants and potential to finish 2 more units! Built in 2021 by Mountainview, this building is a turn-key investment. All units are separately metered for gas and hydro with all Tenants paying for their own gas and hydro. Each unit is 2... Show More
Here is your opportunity to take over a newly constructed multi-plex that is fully leased with great tenants and potential to finish 2 more units! Built in 2021 by Mountainview, this building is a turn-key investment. All units are separately metered for gas and hydro with all Tenants paying for their own gas and hydro. Each unit is 2 bedrooms, 1 bathroom with in-suite laundry, own furnace, own central air conditioner, own hot water heater, a full kitchen with stainless steel fridge, stove & dishwasher and bright open living space measuring 805 sqft each. There is potential to complete the lower level two units that replicate the other 4 units, making this a 6-plex. The exterior walls in the basement are drywalled and water is all plumbed-in. There are a total of 6 off-street parking spots, one assigned for each unit. Security cameras installed on exterior of building. Start your retirement plan earning passive income from this great opportunity! The landlord currently has a 5% cap rate and potential for 8% once the lower two units are completed and leased. Landlord pays water/sewer and property tax. Security camera and secured main entrance installed on the exterior of the building. Floor plans are available. (id:54626)
Property Details
Size
Parking
Lot
Build
Heating & Cooling
Utilities
Ownership Details
Ownership
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For Sale Nearby
Sold Nearby
- 2
- 2
- 1,100 - 1,500 Sq. Ft.
- 3
- 2
- 1,100 - 1,500 Sq. Ft.
- 4
- 2
- 1,500 - 2,000 Sq. Ft.
- 4
- 3
- 700 - 1,100 Sq. Ft.
- 3
- 3
- 2
- 1
- 3
- 2
- 3
- 2
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