10 Units in Lindsay
$1,499,000
Highlights
Units
10
Stories
3
Price Per Unit
$149,900
Lot Size
112' x 137'
Cap Rate
7%


Phenomenal 7% Cap Rate, Turnkey 10-unit apartment building presents a rare investment opportunity in a prime location, surrounded by ongoing development and poised for future growth. The property features a diverse unit mix, including 4 one-bedroom, 1 two-bedroom, 3 three-bedroom, and 2 four-bedroom units. Over $235,000 has been invested in extensive capital improvements, including a complete exterior waterproofing and caulking, renovations to 4 units with new plumbing, kitchens, bathrooms, flooring, appliances, and finishes, as well as upgrades to the common areas and outdoor stairwells. Additional improvements include the installation of new high-efficiency laundry facilities, a new roof and windows. Hydro is separately metered, with some tenants paying their own and others having it included in rent.














For More Information and Financial Package Please Call or Email Us Today
All information furnished regarding this property is from sources deemed reliable but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price or other terms, prior to sale or withdrawal without notice. Prospective purchasers are advised to seek independent legal, accounting, or any other consulting advise as may be deemed necessary to submit an offer to purchased.