NEEDS TO BE SOLD, SOLID 52-UNIT APARTMENT BUILDING ON THE WATER, 10% CAP RATE (Real Estate - Houses, Properties for Sale)

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Ad ID 62799 in Category: Real Estate - Houses, Properties for Sale

NEEDS TO BE SOLD, SOLID 52-UNIT APARTMENT BUILDING ON THE WATER, 10% CAP RATE
Title: NEEDS TO BE SOLD, SOLID 52-UNIT APARTMENT BUILDING ON THE WATER, 10% CAP RATE Real Estate Type: Multi-family Location: 190 THAMES CHATHAM-KENT, ON N7L 2Z1 General Description HEAVILY RENOVATED & BROUGHT TO ITS FORMER GLORY. RIGHT ON THE RIVER THAMES. RECONSTRUCTED BALCONIES W/A VIEW. SELLERS AIM TO PASS ALONG A TURNKEY OPERATION ON CLOSING, W/NO IMMEDIATE OR NEAR FUTURE RENOVATIONS OF SIGNIFICANT EXPENSE. LONG TERM TENANTS WHICH IS CONSIDERED A POSITIVE, BUT IT ALSO MEANS THAT SOME RENTS ARE LOWER THAN CURRENT FAIR MARKET VALUE. THAT BEING SAID, PPTY STILL CASH FLOWS QUITE WELL. CONDO CONVERSION ENTIRELY POSSIBLE. CASH FLOW ANALYSIS AVAIL UPON REQUEST. ONE OF THE SELLERS IS L/S. PLEASE ALLOW 48 HRS FOR SHOWINGS. Price: 1,899,000 Cap Rate: 10% Building: 36400 square feet 52 units

Related Link: Click Here (0 hit) Target Prov.: Ontario Target City: Windsor Last Update: Jul 01, 2008 07:01:29 AM EDT	Ad Owner Name: Rhys Trenhaile Contact Phone: 519-250-8800 x148 Contact Email: sales@trenhaile.com Number of Views: 32

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CANetAds > Real Estate > Houses, Properties for Sale > NEEDS TO BE SOLD, SOLID 52-UNIT APARTMENT BUILDING ON THE WATER, 10% CAP RATE