Size
-
Lot size
1437.21 sqm
Street frontage
W
Possession
Flexible
Price per sqm
-
Taxes
$33,271 (2023)
Parking Type
-
Style
Other
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Description
16-unit apartment building for sale listed at a 5.9% cap rate. The property is well located in close proximity to Belleville's downtown and has easy highway 401 access. Some apartments have been renovated on unit turnover and building common areas updated. The building's rent roll has close to 30% in upside to market rents. Current annual net operating income is $150,779 per year with future upside in rents still to capture. Environmental Opinion Letter regarding the sites environmental condition is available.
EXTRAS: **Interboard Listing: Kingston and Area Real Estate Association**
EXTRAS: **Interboard Listing: Kingston and Area Real Estate Association**
Broker: Rogers & Trainor Commercial Realty
MLS®#: X9018319
Property details
Parking:
16
Parking type:
-
Property type:
Fourplex
Heating type:
Other
Style:
Other
MLS Size:
+465 sqm
Lot front:
27.74 M
Lot depth:
51.82 M
Listed on:
Jul 3, 2024
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Instant estimate:
orto view instant estimate
$152,101
lower than listed pricei
High
$2,589,202
Mid
$2,432,899
Low
$2,366,715
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