Discover a lucrative investment opportunity with this 9-unit multi-residential building, ideally situated in the heart of Swansea. This property features five spacious two-bedroom units and four cozy one-bedroom units, providing a diverse range of rental options to attract a variety of tenants.**Key Features** Prime Location:Nestled in a highly sought-after neighborhood, this building benefits from proximity to local amenities, schools, parks, and public transportation, making it an attractive choice for renters. Unit Mix: The property boasts a well-balanced mix of five two-bedroom units and four one-bedroom units, catering to families, professionals, and individuals alike. Parking: Enjoy the convenience of over five dedicated parking spaces located behind the building, a rare find in this bustling area. Strong Rental Demand: Desirable location ensures consistent demand for rental properties, providing an excellent opportunity for steady cash flow.Take advantage of this exceptional opportunity to invest in a multi-residential building in a thriving community. The estate makes no representations or warranties and the building is being sold in as is, where is condition. 6 out of 9 units currently rented (on a month-to-month basis), gross rental income is $6,225/month with a potential for a total of $12,500/month + (The projected rental income presented is based on current rental rates in the immediate area. However, the seller and the listing brokerage make no representations or warranties regarding these figures. It is the responsibility of their buyer and their representative to conduct thorough due diligence to verify the rental potential at these amounts ) and the building currently carries no debts. Operating expenses include property manager, bi-weekly cleaning, common area expenses, insurance, lawn care or snow removal and taxes (id:47421)
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Detailed Information
Bedrooms
14
Bathrooms
9
Lot
60 x 0 ft
Amenities Nearby
Marina, Public Transit, Schools
Features
Laundry- Coin operated
Listing Contract Date
2025-03-18
Location Description
Windermere Ave/The Queensway
Ownership Type
Freehold
# of Parking Spaces
5
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R(d0.6*733), R(d1*547)
Building
Basement Development
Finished
Basement Type
Full (Finished)
Cooling Type
None
Exterior Finish
Brick
Foundation Type
Block
Heating Type
Radiant heat
Stories Total
2
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Amenities
Marina, Public Transit, Schools
Sewer
Municipal sewage system
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