Multi-family For Sale

For Sale
5
$ 4,125,000
$41,250 / Sqft
Perth, Ontario K7H0H7
0 Bed
0 Bath
Sqft Sqft
0 Room
Built Year 1980
QR Code

About this property

Welcome to 8 Daines Place a few short steps from beautiful downtown historic Perth. This building has 21 units: one - 1 bedroom and 20 - two bedrooms plus a coin-op laundry. Built-in the early 1980s, this property has numerous long-term tenants and is being renovated as tenants leave with five units completely renovated in the past year with two more identified. The current average rent is approximately $1,100/mo with the market rent for the two beds being $1,700, providing an upside potential increase of more than $11k per month! Shingle Roof was replaced in 2017, the owner is in the process of replacing 5 patio doors and 11 windows (others have already been done), and several hot water tanks have also been replaced. The lobby, laundry room, and halls have all been painted, and carpets on the ground floor and main level have been replaced. Tenants pay for electricity, electric heated. *See attached info sheet and rent roll* (id:48414)

Snapshot

Property Type : Multi-family
Listing Type : For Sale
Listing ID : 1315889
Price : $4125000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 100 Sqft
Year Built : 1980
Lot Area : 0 Sqft

Features

Heating System : Baseboard Heaters
Cooling System : None
Fireplace : False
Parking : 27
Land Sewer : Municipal Sewage System
Building Fire Protection : Security
Stories : 3
Building Exterior Finish : Brick
Heating Fuel : Electric

Other Information

Municipal ID : 051740027
Ownership Type : Freehold
Land Size Depth : 180 Sqft
Land Size Irregular : 100 Sqft
Zoning Description : Multi residential
Management Company : N/A -
Listing Provided by : RE/MAX ABSOLUTE SAM MOUSSA REALTY,RE/MAX ABSOLUTE
Land SizeFrontage : 100 Sqft

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