25 Unit Building, New Roof, Retrofitted, Absentee Landlord, High Return
More photos at http://www.anykindjob.com/building.html Price: $625,000
CDN (approx. $570,000 USD). Proforma 17%+ Cap rate when fully rented.
Located in downtown Smiths Falls, Ontario, Canada. 40 mins to Ottawa.
Smiths Falls is the chocolate capital of East Canada and a popular
tourist destination. The property is in walking distance to all
amenities. Over 21,000 square foot interior space. Currently 13
apartments (own kitchen, bathrm), 1 large commercial tenant (bar &
grill), 1 additional commercial space, 2 offices and 8 single
residential units (share bathrooms and common areas), and numerous
storage rooms. Always well rented. Excellent return. Masonary
structure. New roof ($30K) in Dec 2003. Building was completely fire
retrofitted in 2005 (over $80K) and had numerous improvements. High
ceiling between the floors, large room windows, wide stairs, mosaic
windows, beautiful antique modelings. Full size full height basement.
Advanced alarm system thoughout the building. Recognized for its
architect beauty. Lots of potential. 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). Property management company available for absentee owner.
Website and contact info: http://www.anykindjob.com/building.html

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