
Listed For $1,699,000
Added 20 days ago
10 Beds
6 Baths
4264 Square Feet
Investment
$8,033 Tax / yr
10
Bedrooms
6
Bathrooms
-
Garages
4264
Square Feet
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Investment opportunity for a forward thinking single investor or group. The investment not only has substantial immediate net operating income but also offers a buyer the opportunity to develop 2 additional apartments for a substantial increase in the Gross Income with minimal impact on the Operating Expenses. Additionally the property has a large amount of excess land fronting on Florence Drive offering the opportunity to sever 3 separate building lots. The proceeds from the sale of one, two or all of the lots can be applied to reduce the initial purchase cost. The building is a very well maintained multi-residential 6 unit apartment building in the Village of Pefferlaw. The buyer will be assuming extremely reliable Longterm mature tenants. Two large 3 bedroom units on the main level and