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$ 5,300,000
Est. payment | /mo
29,405 SqFt
$ 5,300,000
Est. payment | /mo
29,405 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 29,405 sqft
Price per Sqft $180
Subdivision 14 - Central City East
MLS® Listing ID X12575588
Source Kingston & Area Real Estate Association
Property Description
Two 14-unit apartment buildings on one parcel in a prime downtown Kingston location. Strong in-place cash flow with below-market rents and a clear value-add trajectory. The property generates a current NOI of $216,006 annually (reflecting the in-progress unit turnover). All units have independent hydro service. The asset is also well-positioned for CMHC MLI Select financing, providing investors the opportunity to enhance leverage and maximize long-term returns .Full financials, rent roll, environmental reports, survey, floorplans, and photos are available through the secure data room. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Hot water radiator heat
Cooling None
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Virtual Tour https://youriguide.com/297_helen_st_kingston_on/
Listed by RE/MAX RISE EXECUTIVES, BROKERAGE
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Nest Real Estate Group
Real Estate Team | License ID: 139039