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Classic, Solid Construction, Twelve Plex Apartment Building!

$1,900,000

For Sale: in

Classic, Solid Construction, Twelve plex apartment building!

Mike Milovick

Realtor

Listing Details

Subtype: Apartment Building

Year built: 1973

Total building size (sq. ft.): 9600

Typical floor size (sq. ft.): 3200

Zoning: R-6

Parking spaces: 12

Floors: 2

Beds: 12

Baths: 12

Lot Size: 0.42 Acres

Description

Classic walk up, twelve plex apartment building beckons for your immediate attention! Concrete (cast/block masonry) building. Can not build for list price. Very few come available Elmira - maybe one every five or six years. Take the risk out of this purchase: building comes to you very well documented with a Pinchin Phase I Environmental (2024, clean), Pinchin Building Condition Assessment (2024). Life Safety Systems Update/Certificate (2024). Opportunity to increase rents significantly over time. Property may qualify for CMHC MLI Select program under the Affordability Criteria – with the best rates and amortizations currently available. Individual electrical meters – tenants pay electricity. Cap ex: modernized hallways with carpet tile, commercial water heaters (2023), sloped asphalt roof (2017). Building’s back windows (2020), Building’s front windows (2015/2016 approximately). Balcony doors (2019/2020) Great low density rental area. Good tenant profile. Easy building to add to your existing portfolio. Opportunity abounds! Call your favourite REALTOR today and let’s book a showing.

Location & nearby

This listing is located in Elmira, ON N3B 1X2

15 Killdeer Road, Elmira, ON, Canada

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Mike Milovick

Realtor

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