Great investment opportunity in the town of Blind River! a 17-unit multi residential apartment building with separate electrical metering to each apartment. The building is well maintained with full occupancy in a market that is under supplied with rental accommodation. Significant upgrades have minimized recent ROI in order to maintain and improve the value of the property for reduced operating costs in the near and medium timeframe, upgrades include seamless eavestrough 2023, roof re-shingled 2020, retaining wall and back sidewalk refurbished 2020, 3rd floor insulation & cladding/siding done 2018, foundation waterproofing and weeping tile 2022, two picture windows 2007 & 2008 plus rest of the windows 2009, flooring work 2022 & 2023, front and back doors replaced 2009, sump pumps (2) 2022. Listed expenses/income are for 2023 year end and include higher than normal year improvement/maintenance costs. (id:47421)
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Detailed Information
Communication Type
High Speed Internet
Property Easement
Easement
Listing Contract Date
2024-11-18
Location Description
Hwy 17 at Blind River to Hudson St
Municipal ID
314300923
Property Type
Multi-family
Storage
Storage Shed
Transaction Type
For sale
Building
Amenities
Laundry Facility
Appliances
Window Air Conditioner
Basement Type
Full
Constructed Date
1977
Exterior Finish
Brick, Siding
Foundation Type
Block
Heating Type
Baseboard heaters
Stories Total
3
Type
Multi-Family
Utility Water
Municipal water
Utilities
Type
Description
Cable
Available
Electricity
Available
Natural Gas
Available
Telephone
Available
Land
Total Size
1.05 acres
Access Type
Road access
Acreage
Yes
Sewer
Municipal sewage system
Size of Irregular Land
1.05
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