12-unit multifamily asset in central Clinton with a strong in-place NOI and clear value-add upside. Currently 75% occupied, with 3 vacant units ready to renovate and lease at market. Rents are below market, allowing for a mark-to-market lift of over 20%. Professionally managed, separately metered, and offering surface parking. Building is well-maintained with select unit renovations already complete. A low-maintenance, high-potential acquisition with immediate room for increased cash flow and long-term hold upside. Financials available. Buyer to do own due diligence. (id:51300)
Business Type | Residential |
Business Sub Type | Apartments |
MLS® Number | X12105721 |
Property Type | Multi-family |
Community Name | Clinton |
Heating Type | Other |
Type | Multi-family |
Utility Water | Municipal Water |
Acreage | No |
Size Depth | 129 Ft |
Size Frontage | 86 Ft |
Size Irregular | 86 X 129 Ft |
Size Total Text | 86 X 129 Ft |
Zoning Description | Res |
https://www.realtor.ca/real-estate/28219105/65-princess-street-w-central-huron-clinton-clinton
Justin Konikow
Salesperson
Jon Baker
Salesperson
Nolan Edmonds
Salesperson