320 GLEESON AVENUE N, Cornwall, Ontario, CA

Address: 320 GLEESON AVENUE N, Cornwall, Ontario

0 Beds0 Baths0 sqftStatus: Buy
Price $1,300,000

Property Overview


AN EXCEPTIONAL INVESTMENT OPPORTUNITY IN THE GROWING CORNWALL RENTAL MARKET!!! NINE UNIT APARTMENT BUILDING, UPDATED AND SPACIOUS UNITS (APPROXIMATELY 1000 SQUARE FEET) IN A NICE AREA OF THE CITY. GOOD PARKING AND EXTRA INCOME FROM COIN OPERATED LAUNDRY ROOM. THE BUILDING SHOWS VERY WELL WITH LOTS OF PARKING IN FRONT OF THE BUILDING. MINIMUM 24 HOUR NOTICE FOR SHOWINGS.GROSS AND NET INCOME IS BASED ON FULLY OCCUPANCY Total of 8-two bedroom units plus 1-one bedroom unit. Upgrades done last 2 years:- Full New Roof- Renovated Unit 2,4,6,8- Unit 6 Extensive Renovation- Unit 1 Bathroom Overhaul and full Renovation of the unit currently being done. Painting and flooring updated in some units too- Newly Painted common areas in full building- Upgraded all electric panels from fuses to break panels - Building Sewer Lateral Replacement - Brant New.Outdoor shed Removal.Front entrance is being repainted.Potential to generate higher NOI with some units way below market rent levels! One of the Seller is Registered Real Estate Salesperson. (id:51532)

 

Tags




Property Summary
Property Type
Multi-family
Building Type
Multi-Family
Community Name
717 - Cornwall
Land Size
0.186 ac
Building
Building Features
Features
Irregular lot size
Rental Equipment
Furnace
Heating & Cooling
Heating Type
Other
Utilities
Water
Municipal water
Land
Other Property Information
Zoning Description
Res 40
Features
           Irregular lot size
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Your Home Finance Calculation

Property Price CA $1,300,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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