Welcome to 3874 Champlain Street. 6.8% CAP! This well-maintained 7-UNIT multi-residential property on 0.648 acres of land offers a strong investment opportunity with stable income and long-term potential and is offered at only $117,000/unit. The building consists of six (6) 2-bedroom units and one (1) 3-bedroom unit, all currently tenanted. Extensive updates have been completed, including a new roof (2023) and siding, updated plumbing and electrical systems, upgraded septic system (2012), and the installation of a new boiler along with tankless hot water systems. The property features a large timber frame foundation and operates on a single hydro meter. Gas & water one meter. Six (6) storage lockers are included for tenant use. This offering presents a solid income-generating asset and is well-suited for investors seeking a turnkey, fully leased multi-unit property. Opportunity exists to increase revenues and further enhance returns through rental optimization! (id:4069)
Address
3874 CHAMPLAIN ROAD
List Price
$819,000
Property Type
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Clarence Rockland
Floor Area
5,232 Sq. Ft.
Lot Size
Bldg=134 x 209 FT Sq. Ft.
MLS® Number
X13050710
Listing Brokerage
ROYAL LEPAGE INTEGRITY REALTY
Postal Code
K0A1E0
Zoning
7.1.3
Features
Irregular lot size
