Courtesy Of RE/MAX HOUSE OF REAL ESTATE
Recently renovated to a 9 - 2 bedroom, 2 - 1 bedroom and 2 bachelor unit building in an amazing location in the heart of Lower Mount Royal and right off of 17 Avenue! Offered at a 4.5% cap rate based on $133,000 NOI! BEST OF ALL THIS BUILDING IS STRATA TITLED other than the 2 illegal bachelor units making the options are endless. All SEPARATE METERS. Hold and cash flow or sell each unit individually. Solid long term economic life left on this gem that is always rented - every unit is massive and not cookie cutter finished with granite, tile and hardwood. Great option for an Air BnB or in the past the seller had fully furnished units to boost revenue - another option for a potential buyer. Building has been fully renovated in recent years with new windows, roof, plumbing, electrical, framing, all brand new drywall/paint and exterior! Fully functional intercom system and open common areas with newer carpet and maple railings. 6 Energized parking stalls and 11 UNITS HAVE THEIR OWN IN SUITE LAUNDRY! There is also a storage locker area for the units. PLEASE SEE SUPPLEMENTS FOR RENT ROLL - THANKS. Don't pass on this one!
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