Size
-
Lot size
7963 sqft
Street frontage
-
Possession
2025-02-01
Price per sqft
-
Taxes
$8,190.36 (2024)
Parking Type
-
Style
2-Storey
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Description
Reduced price on this prime investment opportunity to own a fully occupied, 6 unit income producing residential apartment building for sale, on 0.14 acres of land (6,275 SF). Solid brick building with newer roof shingles which were replaced in 2021 with 40+ year expected lifespan. Attractive location in a quiet but vibrant & walkable residential area not far from downtown Belleville & thus in high demand for residential apartments with strong, consistent rental occupancy. Secure entry & shared parking lot with 6 spots including one for each tenant. Updated (as of July 2025) financial information including revenue & expenses available upon request. Proposed agreements of purchase & sale may be submitted to listing brokerage at any time. Opportunity to increase value substantially as recent turnover has seen rental increases of over 74% as well as the potential to increase profitability further by reducing the operating or management expenses if possible. Whether you are a seasoned investor or wanting to enter the multifamily market with a high quality asset, this property provides an ideal combination of location, construction quality, and steady growth potential. Don't miss out on this exceptional opportunity to invest in a turn-key property in a high quality neighborhood & growing market!
Broker: MARINO LOCATIONS LIMITED
MLS®#: X11918511
Property details
Parking:
4
Parking type:
-
Property type:
Multiplex
Heating type:
Baseboard
Style:
2-Storey
MLS Size:
0-700 sqft
Lot front:
51 Ft
Lot depth:
155 Ft
Listed on:
Jan 10, 2025
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Instant estimate:
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$84,504
lower than listed pricei
High
$1,292,522
Mid
$1,214,496
Low
$1,181,457
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