412 Ross Street Lucknow, Ontario N0G 2H0
$3,650,000
20 Units plus 12 storage units with Net Operating Income of 214,973.33. This outstanding turnkey operation comprises three buildings, featuring a total of 20 individual dwellings, including 16 two-bedroom units and 4 one-bedroom units. Additionally, there are 12 individual storage units available. What sets this property apart is its inclusion of a dedicated laundry facility and maintenance shed, as well as ample space and approval for future development possibilities of 16 more units! All units are designed for convenience, offering main floor exterior access to each dwelling. This design not only attracts long-term residents but also provides a hassle-free living experience. The buildings are constructed with sturdy all-brick exteriors and durable asphalt shingled roofs, making them an ideal choice for investors seeking to minimize maintenance and repair costs. There is also a promising opportunity to increase revenue through tenant turnover and by introducing pay-per-use laundry facilities. This aesthetically pleasing apartment complex is certain to leave a lasting impression on potential investors. (id:19173)
Property Details
| MLS® Number | 40483651 |
| Property Type | Multi-family |
| Parking Space Total | 35 |
Building
| Bathroom Total | 20 |
| Bedrooms Total | 36 |
| Basement Type | None |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick, Vinyl Siding |
| Foundation Type | Block |
| Heating Fuel | Electric |
| Heating Type | In Floor Heating |
| Stories Total | 1 |
| Size Interior | 5000 |
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Sewer | Municipal Sewage System |
| Size Irregular | 2.904 |
| Size Total | 2.904 Ac|2 - 4.99 Acres |
| Size Total Text | 2.904 Ac|2 - 4.99 Acres |
| Zoning Description | Res |
https://www.realtor.ca/real-estate/26055401/412-ross-street-lucknow
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November 13 2023 02:30:54
London and St. Thomas Association of REALTORS®
The Agency Real Estate