37
$3,495,000 Sale
Listed 2 hours ago
14 MILFORD CRESCENT
· 23
· 12.0
· 13
· 5000 - 100000
Key Facts
Key facts for 14 MILFORD CRESCENT
Property Type
Apartment
Parking
Garage: No, 13 parking
MLS #
X14101536
Size
5000 - 100000 sqft
Basement
None
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
Turnkey investment opportunity with strong cash flow located on a quiet street just off Lakeshore dr. Total of 12 Units (11-2 Bedrooms/1-1 Bedroom) This turnkey 12-unit residential purpose built complex delivers immediate cash flow and has seen major renovations to every unit including all kitchen...s, bathrooms, flooring, trim, lighting, paint and more. Cap rate at 6.27%, Gross rental income is $305,709.12 with expenses (including management, vacancy, and maintenance) estimated at $86,470, resulting in a solid net income before financing of $219,239. Other notable features are: All rents plus hydro, hot water boiler system, 13 parking spaces and security doors. Within walking distance bus route on Lakeshore dr, restaurants, shopping mall, Shoppers Drug mart, Cineplex and Lake Nipissing access close by. Immediate cash flow after mortgage payment plus significant principle recapture makes this a solid investment opportunity. Photos are previous to tenants moving in. (id:10452)
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Listing courtesy of: REALTY EXECUTIVES Local Group Inc. Brokerage
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