Location, location, location! Welcome to 1592 Tenth Line Road, an exceptional real estate opportunity in Orleans! Fourplex, with three of its units currently tenanted, provides immediate income - $38,201 NOI while you wait to develop in the near future! It's important to note that the fourplex is being sold in"as is" condition, as the true value of this offering lies in the development potential the lot holds. Site plan for the construction of 27 one-bedroom units across two buildings, with underground parking. This strategically located development lot offers great potential for investors and developers seeking to create a thriving multi-residential community. One of the most compelling aspects of this property is its prime location. It is conveniently situated near essential amenities such as the Ray Friel Rec Complex, groceries, & shopping, making it an attractive option for future residents. Contact me for more information & to explore the full development package of this property. (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
150.17 x 105.83 ft
Lease Type
Gross
Listing Contract Date
2024-05-29
Municipal ID
145180375
# of Parking Spaces
4
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R4
Building
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1962
Construction Style (Attachment)
Attached
Cooling Type
None
Exterior Finish
Siding
Flooring Type
Laminate
Heating Fuel
Electric, Natural gas
Heating Type
Baseboard heaters, Forced air
Stories Total
3
Type
Fourplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Surfaced
Land
Total Size
0.37 acres
Current Use
Development residential
Sewer
Municipal sewage system
Size of Irregular Land
0.37
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