191 CASTOR STREET
$1,499,900
Discover an outstanding residential and commercial investment in Russell, boasting a spacious 4800 sqft all brick building with a basement area. Currently, the main floor hosts four leased commercial units, while upstairs features three apartments: two 2-bedroom and one 3-bedroom. The basement includes pay laundry facilities and individual storage lockers for each unit. With a large heat pump boiler system ensuring efficiency, this property offers 26 parking spots and a compelling 5.9% cap rate. Gross Operating Income stands at $122,118 (excluding Commercial HST), with Operating Expenses of $33,401.15, resulting in a Net Operating Income of $88,716.85 (excluding Commercial HST). Commercial AC Units x 4 replaced in 2022. With its prime location and high rental demand, this investment opportunity in Russell is not to be missed. Schedule a viewing today to secure your position in this flourishing market. (id:13118)
Essential Information
- Price:
- $1,499,900
- Year Built:
- 1995
- Total Bedrooms:
- -
- Total Bathrooms:
- 0
- Half Baths:
- 0
- Property Type:
- Multi-family
- Basement:
- -
- Transaction:
- For sale
Property Specifications
- Parking Spaces:
- 26
- Maintenance Fees:
- Heating:
- Forced air, Heat Pump
- Cooling:
- Central air conditioning
- Fireplace Type:
- -
Listing Details
- Last Updated:
- Apr 24, 2024
- Listing Office:
- AVENUE NORTH REALTY INC.
