Incredible opportunity for a real estate investor and developer! This former school has been completely transformed into 9 stunning apartments in one and two bedroom configurations. No corners were cut in the development of these spacious and comfortable apartments. All units have heat pumps that provide heating and cooling, along with fire walls between the units and a fire/smoke alarm system for added security and safety. Each unit is fully accessible from its own exterior entrance, and all units have their own laundry facilities which provides tenants with complete privacy. Small touches, such as the large skylights make for a super bright space in all of the apartments. The property sits on over 2.5 acres of land and is just a stone's throw away from the picturesque Mersey River. It truly is a beautiful and tranquil setting! If you are looking for a turn-key rental property, with room for future expansion and growth, look no further! Call today for more information and financial details.
Listing Sub-Area:
406-Queens County
Property Type:
Multi-Family
Multi-Family Type:
9 - 12 Unit
Title To Land:
Freehold
Lot Size:
2.5 acre(s)1.012 hectare(s)
Prop Size:
1 to 2.99 Acres
Commercial / Retail Space:
Yes
# of Rental Units / Occupied:
9
Year built:
1967
(Age: 56)
Age:
55
# Floors:
1
Exterior Finish:
Brick, Concrete
Foundation:
Concrete
Basement:
None
Floor Finish:
Tile, Vinyl
Roof:
Rolled
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Driveway:
Gravel, Parking Spaces(s), Paved
Water Supply:
Drilled Well
Water And Sewage:
1045.44
Sewer:
Municipal
Num Units:
9
Num 1 Bed Units:
3
Num 2 Bed Units:
6
# Of Dishwashers:
9
# Of Fridges:
9
# Of Microwaves:
9
# Of Stoves:
9
Rental Income:
Yes, 121800
Laundry Income:
0
Other Income:
3240
Approx. Net Income:
109532.34
Insurance Expense:
4873
Taxes Costs:
8640.99
Electricity Bill:
948.23
Approx. Total Expense:
15507.66
Approx. Total Income:
125040
Air Conditioning, Cable, Wheelchair Access
5 sea cans (12 x 8ft) included
Park, Public Transit, Recreation Center, School Bus Service, Place of Worship, Beach
Data was last updated May 30, 2023 at 03:20 PM (UTC)
Area Statistics
Listings on market:
22
Avg list price:
$439,450
Min list price:
$99,000
Max list price:
$1,925,000
Avg days on market:
85
Min days on market:
11
Max days on market:
375
These statistics are generated based on the current listing's property type
and located in
South Shore. Average values are
derived using median calculations.