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412 Ross Street Lucknow, Ontario N0G 2H0

36 Bedroom 20 Bathroom 5000
Wall Unit In Floor Heating Acreage

$3,600,000

20 Units plus 12 storage units with Net Operating Income of 214,973.33. This outstanding turnkey operation comprises three buildings, featuring a total of 20 individual dwellings, including 16 two-bedroom units and 4 one-bedroom units. Additionally, there are 12 individual storage units available. What sets this property apart is its inclusion of a dedicated laundry facility and maintenance shed, as well as ample space and approval for future development possibilities of 16 more units! All units are designed for convenience, offering main floor exterior access to each dwelling. This design not only attracts long-term residents but also provides a hassle-free living experience. The buildings are constructed with sturdy all-brick exteriors and durable asphalt shingled roofs, making them an ideal choice for investors seeking to minimize maintenance and repair costs. There is also a promising opportunity to increase revenue through tenant turnover and by introducing pay-per-use laundry facilities. This aesthetically pleasing apartment complex is certain to leave a lasting impression on potential investors. (id:51300)

Property Details

MLS® Number 40587823
Property Type Multi-family
Parking Space Total 35

Building

Bathroom Total 20
Bedrooms Total 36
Basement Type None
Cooling Type Wall Unit
Exterior Finish Brick, Vinyl Siding
Foundation Type Block
Heating Fuel Electric
Heating Type In Floor Heating
Stories Total 1
Size Interior 5000
Utility Water Municipal Water

Land

Acreage Yes
Sewer Municipal Sewage System
Size Irregular 2.904
Size Total 2.904 Ac|2 - 4.99 Acres
Size Total Text 2.904 Ac|2 - 4.99 Acres
Zoning Description Res

https://www.realtor.ca/real-estate/26884535/412-ross-street-lucknow

Jeff Wybo
Broker

(519) 472-0990
(519) 488-1055
www.facebook.com/jeffwyborealestate/
twitter.com/JeffWybo

Mazen Joukhaji
Salesperson

(519) 472-0990
(519) 668-3997

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