Property Description
16-unit apartment building for sale listed at a 5.9% cap rate.
The property is well located in close proximity to Belleville’s downtown and has easy highway 401 access.
Some apartments have been renovated on unit turnover and building common areas updated.
The building’s rent roll has close to 30% in upside to market rents.
Current annual net operating income is $150,779 per year with future upside in rents still to capture.
Environmental Opinion Letter regarding the sites environmental condition is available.
Documents
Website ID: 38874
Price: $ 2,585,000
Property Size: 12,575.00 ft2
MLS: 40615005
Other Features
Belleville
Brockville
Business
Commercial
Cornwall
Gananoque
Industrial
Investment
Johnstown
Kingston
Land
Lansdowne
Mixed-Use
Multi-Residential
Napanee
New Listings
Odessa
Office
Picton
Prescott
Recent Transactions
Residential
Retail
Trenton
Verona
Wolfe Island