Investment Opportunity: 10-12% CAP RATE on 5-Unit Rental Property! Discover this fantastic investment property featuring 5 well-maintained rental units, all with long-term tenants. Currently at full occupancy with a waitlist, the property offers a steady income stream. Located on the scenic banks of the Grand River, this property offers stunning views and a peaceful setting, making it highly attractive to tenants. Whether you're a seasoned investor or just starting out, this opportunity provides steady income and potential for future appreciation. Don't miss out on this prime investment!
In Grand River on the St Peter's Fourchu Road, next to the big church on the hill
Listing Sub-Area:
305-Richmond County / St. Peters & Area
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Property Known As / Body of Water:
Fleur de Lis Trail
Building Dimenions:
61'10"x33'8"
Outside Dimenions:
61'10"x33'8"
Lot Size:
2.52 acre(s)1.02 hectare(s)
Prop Size:
1 to 2.99 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
5
Year built:
1950
(Age: 75)
Age:
75
# Floors:
2
Exterior Finish:
Wood Shingles
Foundation:
Concrete
Basement:
Fully Developed, Full, Walkout
Floor Finish:
Laminate, Vinyl
Roof:
Asphalt Shingle
Heating:
Baseboard, Furnace
Fuel:
Oil
Parking:
Yes
Parking Description:
Large wrap-around gravel parking lot
Driveway:
Circular, Gravel, Parking Spaces(s)
Water Supply:
Drilled Well
Sewer:
Septic
Num Units:
5
Num Bachelor Units:
0
Num 1 Bed Units:
4
Num 2 Bed Units:
1
Num 3 Bed Units:
0
Num 4 Bed Units:
0
# Of Dryers:
4
# Of Fridges:
5
# Of Stoves:
5
# Of Washers:
4
Rental Income:
Yes, To be attached
Approx. Net Income:
To be attached
Approx. Total Expense:
To be attached
Laundry, Storage
Appliances
Furnishings and personal items belonging to the tenants
Beach, Recreation Center, School Bus Service, Place of Worship
Range - Electric, Dryer - Electric, Washer, Refrigerator, Water Softener