INCREDIBLE OPPORTUNITY!! Take advantage of the huge demand and shortage of rentals with this RARE all brick, 23 Unit nestled in the booming beautiful town of Deep River close to the shores of the Mighty Ottawa River. This safe, quiet, friendly and vibrant community is known for a great place to retire and is on the doorsteps of major employers like the expanding CNL Labs and Garrison Petawawa with many amenities. Offering all 2 Bedroom Units priced at only $87,000 per unit! This building has the POTENTIAL to gross over $300k at market rents and offer an 8% cap rate. Incredible opportunity with massive upside potential and possibly space for another smaller building on the lot. Tons of parking, coin operated laundry, and single storage room on each level. Extremely well-maintained building and excellent tenants (many retired). Mandatory 48 hr. irrev. on all offers. New Roof (2017). VERY CLEAN, WELL MAINTAINED BUILDING! Price is FIRM, Replacement cost over $7,500,000! (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Lot
181.92 x 0 ft
Listing Contract Date
2024-10-31
Location Description
Take Trans Canada HWY to Deep River, Turn Right onto Deep River Rd, Turn Left onto Huron St.
# of Parking Spaces
36
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R-4
Building
Exterior Finish
Brick
Foundation Type
Block
Heating Fuel
Electric
Heating Type
Baseboard heaters
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
Unit=181.92 FT ; 1
Sewer
Sanitary sewer
Size of Irregular Land
Unit=181.92 FT ; 1
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