HOLD AND RENT OR TEAR DOWN AND DEVELOP. This 8 SUITE apartment building is on a 75'x125' sloping lot with EXCELLENT CITY VIEWS! There is great redevelopment potential for 12 apartment units, 4 townhouse units or 3 infils. The building is consistently rented with rentals ranging from $750-$900 per month and room for rent increases. Annual income is $75,000 Annual Expenses are $30000. Net Income is $45,000. Great value for this easy to rent locations. Many units have newer appliances and new windows. Roof replaced 7 years ago. Please do not disturb tenants. Viewings subject to an offer.
Bathrooms: 0.00
Price: $1,399,000
For more information about this property, please contact Calla J. Mitchell at (403) 861-7893 or calla.mitchell@live.ca. You can also text 2884415 to 67299.
See more listings at: http://www.maillothomes.com
MLS ID: C1025755
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