147 N Park St - Multi-Family FOR SALE


Belleville, ON K8P 4N9
$1,795,000 CAD
416-573-2506

NO PHOTO

$1,795,000 CAD
Multi-Family - FOR SALE
null | Request Cap Rate

147 N Park St
Belleville, ON K8P 4N9


OVERVIEW

Fully occupied, 8 unit (all with 2 bedrooms) residential apartment building for sale on 13,649 square feet of land (0.31 acres). There are 2 apartments in the basement, 3 on the ground floor (with balconies) and 3 on the second floor (with balconies). Roof shingles were replaced in 2014 with an expected lifespan of 40+ years. For hydro, the owner pays the first $75 only of each monthly electricity expense per tenant, per month as each unit is individually metered. Water heater tanks are located within each unit with some being owned and some being rentals. There is one coin operated laundry machine in the basement for shared tenant use, which is an additional revenue stream for the owner(s). There is no central HVAC. There are 14 parking spots in total with 1 included per tenant and the rest shared by visitors. There is no special designation for this property. Attractive location nearby the commercial centre of Belleville just a block away on North Front Street near Bell Blvd. and the Quinte Mall, with easy access to Hwy 401. Financial information including revenue & expenses available upon request. Proposed agreements of purchase & sale can be submitted to listing brokerage at any time.

FOR SALE DETAILS

PRICE

$1,795,000 CAD

PRICE/SF

$598 CAD /SF

# OF UNITS

8

PRICE/UNIT

$224,375

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,649 SF

ZONING

R6

APN/PARCEL ID

120802005517900

ASK ABOUT THIS PROPERTY

John MarinoMarino Locations LimitedMore Info
416-573-2506

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

John MarinoMarino Locations LimitedMore Info
416-573-2506

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.