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3874 Champlain Road

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  • 5,232 ft2
  • Fully Air Conditioned
  • Forced Air

$819,000

Welcome to 3874 Champlain Street. 6.8% CAP! This well-maintained 7-UNIT multi-residential property on 0.648 acres of land offers a strong investment opportunity with stable income and long-term potential and is offered at only $117,000/unit. The building consists of six (6) 2-bedroom units and one (1) 3-bedroom unit, all currently tenanted. Extensive updates have been completed, including a new roof (2023) and siding, updated plumbing and electrical systems, upgraded septic system (2012), and the installation of a new boiler along with tankless hot water systems. The property features a large timber frame foundation and operates on a single hydro meter. Six (6) storage lockers are included for tenant use. This offering presents a solid income-generating asset and is well-suited for investors seeking a turnkey, fully leased multi-unit property. Opportunity exists to increase revenues and further enhance returns through rental optimization! (id:50982)

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Business

Business Type Residential
Business Sub Type Apartments

Details

Property Details
MLS® Number X13050710
Property Type Multi-family
Neigbourhood Bourget
Community Name 607 - Clarence/Rockland Twp
Features Irregular Lot Size
Parking Space Total 7
Building
Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Forced Air
Size Exterior 5232 Sqft
Size Interior 5,232 Ft2
Type Multi-family
Utility Water Municipal Water
Land
Acreage No
Size Depth 209 Ft
Size Frontage 134 Ft
Size Irregular Bldg=134 X 209 Ft
Size Total Text Bldg=134 X 209 Ft
Zoning Description 7.1.3

Map

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