12 Units in St. Catharines
$1,675,000
Highlights
Units
12
Stories
3
Price Per Unit
$139,583
Lot Size
9,967.37 ft²
Cap Rate
7.7%
12 unit building that will be fully vacant. An Add value investors ideal next project. 139k/unit. Some units have already been renovated and ready to be rented. 6 x bach and 6 x 1 Bed. 5 out of the 6 Bachelor units can be easily converted to small one bedroom units. If you kept all bach units as bach units conservative annual Gross rents of approx. $181,800. Sep hydro meters. Built 1970 approx. Estimated rents used for Gross Income: Bachelor $1,050, 1 Bed $1,450.
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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.