21 river street
parry sound
$1,474,900 - 24 7
Cash Cow Opportunity! Well Maintained & Recently Renovated 23 Unit Rooming House Located In The Heart Of Beautiful Parry Sound. Lots Of Upside Potential To Increase Rents To Market Rates & Add Additional Units. On-Site Coin Operated Laundry Facility. Great Location With Large Lot And Lots Of On-Site Parking. 20/23 Units Currently Vacant So Rents Can Be Set At Market Rates. Projected Year 1 Cap Rate Of 8.42%. Request Full Sales Package For More Details & Financials. (id:38782)
Listing ID: 40495341
Details
- Amenities NearbyHospital, Schools, Shopping
- EquipmentOther
- FeaturesLaundry- Coin operated
- OwnershipFreehold
- Parking Spaces10
- Rental EquipmentOther
- TransactionFor sale
- Zoning DescriptionR2
Building
- Cooling TypeNone
- CoolingYes
- HeatingBaseboard heaters
- Levels3
- Number Of Units Total23
- PoolNo
- SewerMunicipal sewage system
- Stories3
Land
- Size Frontage66 ft
- AmenitiesHospital, Schools, Shopping
- SewerMunicipal sewage system
- Size Depth164 ft