20 Units plus 12 storage units with Net Operating Income of 214,973.33. This outstanding turnkey operation comprises three buildings, featuring a total of 20 individual dwellings, including 16 two-bedroom units and 4 one-bedroom units. Additionally, there are 12 individual storage units available. What sets this property apart is its inclusion of a dedicated laundry facility and maintenance shed, as well as ample space and approval for future development possibilities of 16 more units! All units are designed for convenience, offering main floor exterior access to each dwelling. This design not only attracts long-term residents but also provides a hassle-free living experience. The buildings are constructed with sturdy all-brick exteriors and durable asphalt shingled roofs, making them an ideal choice for investors seeking to minimize maintenance and repair costs. There is also a promising opportunity to increase revenue through tenant turnover and by introducing pay-per-use laundry facilities. This aesthetically pleasing apartment complex is certain to leave a lasting impression on potential investors. (id:47423)
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Detailed Information
Listing Contract Date
2024-05-13
Location Description
Left onto Ross Street off of Lucknow Line, Building will be on your left
# of Parking Spaces
35
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
RES
Business
Business Type
Residential
Business Subtype
Apartments
Building
Appliances
Dishwasher, Dryer, Refrigerator, Stove, Washer
Heating Type
Other
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
226.55 ft x 395.79
Size of Irregular Land
226.55 ft x 395.79
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