$4,500,000
Available - For Sale
Listing ID: X9519706
535-545 RUSSELL Rd , Clarence-Rockland, K0A 2A0, Ontario


Solid investment opportunity for the savvy investor! Priced at 6.4 cap with present-day NOI (current appraisal on file). Room to grow top line revenue on turnover (14 of 20 units remain rented under market rates). Consists of 2 buildings each with 10 units (7 x 2-bedrooms and 3 x 1-bedrooms) for a total of 20 units. Individual units registered as condos (but not operated as such), which opens interesting options for future exit strategies for the experienced investor. All units are individually metered for both heat (natural gas), hydro and equipped with A/C units. Low maintenance units with ceramic and laminate flooring throughout. Interior storage units available for each unit and plenty of parking. Built in 2015. Meticulously managed property by owner operators with pride of ownership.
Price $4,500,000
Taxes: $42675.00
Occupancy by: Tenant
Address: 535-545 RUSSELL Rd , Clarence-Rockland, K0A 2A0, Ontario
Postal Code: K0A 2A0
Province/State: Ontario
Legal Description: RUSSELL STANDARD CONDOMINIUM PLAN NO. 68
Lot Size: 255.63 x 254.84 (Feet)
Directions/Cross Streets: Take Russell Road East until you reach the village of Cheney
Category: Apartment
Insurance Expense: $10073
Water Expense: $5716
Gross Income/Sales: $370404
Operating Expenses: $80094
Net Income Before Debt: $290310
Volts: 240
Heat Type: Water
Central Air Conditioning: Central Air
Sewers: Septic Avail
Water: Municipal
$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX DELTA REALTY TEAM
Personal Picture
Dir:
647-472-6050
Bus:
905-709-7408
Fax:
905-709-7400
 
 Book Showing   Email a Friend 
Jump To:
At a Glance:
Type: Com - Investment
Area: Prescott and Russell
Municipality: Clarence-Rockland
Neighbourhood: 607 - Clarence/Rockland Twp
Style:
Lot Size: 255.63 x 254.84(Feet)
Approximate Age:
Tax: $42,675
Maintenance Fee: $0
Beds:
Baths:
Garage: 0
Fireplace:
Air Conditioning:
Pool:
Locatin Map:
Payment Calculator:
$
%
%
Years