Twelve plex purpose built apartment building; built in 1987; new roof in 2008; approx 10,500 sq. ft. with 14 parking spaces; extensive up to date firecode work completed in 2005. Each unit is a 2 bedroom, 1 bath. Current cap rate shows about 7.5% at shown expenses and asking price. The property includes 12 fridges, 12 stoves, 3 electric hot water heaters owned. It is located on main Street, Clinton 1 1/2 blocks north of the main lights in the centre of that block more or less. And it is central to all town amenities. A 37 year old purpose built 12 plex with great income potential. Cost per unit is just under $121,000. (id:51300)
MLS® Number | 40593055 |
Property Type | Multi-family |
AmenitiesNearBy | Place Of Worship, Playground, Schools |
CommunityFeatures | High Traffic Area, Community Centre |
ParkingSpaceTotal | 14 |
BathroomTotal | 12 |
BedroomsTotal | 24 |
BasementType | None |
ConstructedDate | 1987 |
CoolingType | None |
ExteriorFinish | Brick, Brick Veneer |
FoundationType | Poured Concrete |
HeatingFuel | Electric |
HeatingType | Baseboard Heaters |
StoriesTotal | 3 |
SizeInterior | 10500 Sqft |
UtilityWater | Municipal Water |
AccessType | Road Access, Highway Access |
Acreage | No |
LandAmenities | Place Of Worship, Playground, Schools |
Sewer | Municipal Sewage System |
SizeFrontage | 40 Ft |
SizeTotalText | Under 1/2 Acre |
ZoningDescription | C4-7 |
https://www.realtor.ca/real-estate/26926264/66-albert-st-clinton
Robert Hulley
Salesperson