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Home > Archive > Real Estate Investing > September 2006 > For Sale: Multi-unit (25 units) apartments with commercial building Only $595,000. Investment or ow
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For Sale: Multi-unit (25 units) apartments with commercial building Only $595,000. Investment or ow
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| X-No-Archive: More photos at http://www.anykindjob.com/building.html
Price: Only $595,000 Canadian dollars. Building in good condition with
double digit rate of return (net). Located in downtown Smiths Falls, 40
mins drive to Ottawa. 50 KM to New York State.
Walk to all amenities and businesses. Over 21,000 square foot interior
space. Currently 13 apartments (own kitchen, bathrm), one large
commercial tenant (bar & grill, racetrack betting), 1 additional
commercial space, 2 offices, and 8 single residential units (shared
bathrm), and numerous storage rooms. Masonary structure. Huge
improvements in last two years including new roof ($30K) in Dec 2003.
Building was completely fire retrofitted in 2005 (over $80K) and had
numerous other improvements. High resolution color security camera
system monitors entire building's public areas and records views and
sounds 24 hours (with $30-40/m can be seen by absentee owner via
Internet). High ceiling between the floors, large room windows, wide
stairs, mosaic windows, beautiful antique modelings. Full size full
height basement. Gas-fired boiler is upgraded ($20K) in September 2006.
No other works arre needed. Sell for less than the building value.
Website and contact info: http://www.anykindjob.com/building.html
[Serious inquiry only. Please use the contact info provided. Do not
reply here.]
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