412 ROSS St

Lucknow

412 ROSS St
412 ROSS St
412 ROSS St
+36
$3,499,000
For Sale
423 days
 on site
$3,499,000
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Size
-
Lot size
-
Street frontage
E
Possession
Flexible
Price per sqft
-
Taxes
$35,742 (2024)
Parking Type
-
Style
Other
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Description
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.

EXTRAS:
Broker: THE AGENCY REAL ESTATE
MLS®#: X8332224
Property details
Parking:
35
Parking type:
-
Property type:
Multiplex
Heating type:
Radiant
Style:
Other
MLS Size:
-
Listed on:
May 14, 2024
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Instant estimate:
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$246,353
lower than listed price
i
High
$3,461,616
Mid
$3,252,647
Low
$3,164,163
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412 Ross Street
1/41
$3,499,000
76 days
412 Ross Street
36BD
20BA
20 Parking
0-700 sqft
MLS#: X12105717
PRIME REAL ESTATE BROKERAGE
76 days

About 412 ROSS St

Located at 412 Ross St, this Lucknow multiplex is available for sale. This multiplex was listed at $3499000 in May 2024

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this multiplex.

Getting around the area will require a vehicle, as there are no nearby transit stops.