New Edinburgh - Lindenlea - 3302 - Lindenlea
New Edinburgh - Lindenlea - 3302 - Lindenlea
Listed For $2,150,000
Get Pre-approvedAdded 1 month ago
Cap Rate = 5.6%. Fully renovated 6-plex apartment building on storied Acacia Ave at the entrance to Rockliffe Park. New bathrooms and kitchens w quartz countertops, new flooring, fridges, dishwashers, washer-dryers, microwaves and hot water tanks in all units in winter of 2021. New wiring and plumbing throughout. Building fully occupied with young professionals. Average lease length of 2 years, creating ample opportunity to increase rents to market value without additional capital improvements. Annual gross income of $143k. NOI of $121k. Electric heat, separate meters for each unit, tenants pay hydro. Two 1 bedroom garden-level walkout units with their own green space. Two 1 bedroom 1st floor units with private, west facing decks. Two 1 bedroom and den 2nd story units with private, east fa
* Values are estimates only and not a guarantee of lending or affordability.