Charming 10-Unit Apartment Building built in 1870 offering spacious 1 bedroom apartments with storage lockers and parking for 10+ vehicles. Nestled in one of Paris most vibrant neighbourhoods, this exceptional building offers a terrific investment opportunity for savvy investors looking to expand your portfolio in a growing city. Original architectural details including high ceilings and stately trimwork is blended with modern updates to demonstrate the elevated market rent the units will garner with some sweat equity. Two suites feature private exterior access and can be considered premium ground floor apartments with proper upgrade. Shared coin operated laundry available on site for additional income. Lots of potential for income growth with further improvements to original condition units. Separate hydro meters. The close proximity to Paris' budding downtown core with restaurants and shopping offers a desirable area to consistently attract quality tenants. Looking for long term potential? A new high density residential development is occurring on neighbouring property to the south with additional low density subdivisions being constructed around Paris. Recent survey and planning report can be provided. Do not go direct to building. (id:47421)
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Detailed Information
Lot
132 x 125 ft
Listing Contract Date
2024-12-03
Location Description
Dudas St. E to Willow St
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
Multi residential
Business
Business Type
Residential
Business Subtype
Apartments
Building
Appliances
Dryer, Refrigerator, Stove, Washer, Water Heater, Water softener
Heating Fuel
Natural gas
Heating Type
Other
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
132 x 125 FT
Size of Irregular Land
132 x 125 FT
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