17 + 3 Units in Colborne
$2,375,000
Highlights
Units
17 + 3
Stories
3
Price Per Unit
118,750
Lot Size
13,400 ft²
Cap Rate
10.0%
17 unit apartment plus 3 Commercial building with 1 x Bach, 10 x 1Bed, 5 x 2Bed, and 3 Commercial. All vacant units except commercial. Gross income of approx. $340,800. Commercial tenancies, two are due for rent increases by end of 2023. Water billing is being done by Aquatech Water Services since 2020. As the building is vacant, numbers are estimated based on similar buildings in the region.
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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.