In a riveting real estate market and a growing population, this property presents a great opportunity, a rare gem that comes by only once in a while, a chance to consolidate your investments in a big way, under one roof. This property offers two apartment towers, each 5 stories, for a total of 25 units (24x2 bed, 1 bachelor), plus 104 parking spaces, 55 of which are indoor. Across the street, tenants can wander through the maze of indoor pedways, from the Aquatic Center to city shopping and restaurants, TD Sports Center, City Market, Convention Center, Market Square, etc so who cares about the hard winter conditions!! Enjoy the stunning harbour views and spacious two bedroom units. Both towers have been completely remodeled in the last 10 years, along with new siding and modified roofs. All appliances are currently owned by the seller and included in the sale price. Annual rent roll is around $670 000 and there is ample room to increase rents; Property tax $107 083; Utilities (including electricity, water& sewage) $71 558; Insurance $23 100; Repairs and Maintenance (including garbage, lawncare and snow removal) $20 625; Management $27 381; With a net income of approximately 400k. Proof of financing may be required prior to viewing the property. First viewing will be limited to a couple of typical units. All info and measurements to be verified by purchaser prior to closing. See Video link>> https://vimeo.com/937769803 (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Equipment
None
Location Description
Union st is the main arterial connecting East SJ to its North and West
Municipal ID
00040055
Property Type
Other
Rental Equipment
None
Transaction Type
For sale
Business
Business Type
Residential
Business Subtype
Residential
Building
Constructed Date
1955
Cooling Type
Heat Pump
Exterior Finish
Brick, Vinyl
Fire Protection
Monitored Alarm, Smoke Detectors
Heating Fuel
Electric, Natural gas
Heating Type
Heat Pump
Roof Material
Membrane
Roof Style
Unknown
Total Finished Area
27762 sqft
Land
Total Size
24315 square feet
Size of Irregular Land
24315
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