Investment property being sold together with MLS 119139. Properties are zoned C-2 and consist of 13 apartments and 1 commercial space leased until 2020 to Salvation Army of Canada. 1 bedrooms units x 12 and 2 bedroom unit x 1. Gross Income $161,160, total expenses $42,180 and Net Operating Income $109,044. Documents on file include Fire inspection 2017 on 447 Main with engineering reports from 2008, survey, rent roll, lease and tenant agreements, Income and expenses updated March 2018, zoning permitted uses, Phase 1 Environmental 2004 with no further remediation necessary. Hot water heating, concrete block walls with steel beams, membrane roof from Designed Roofing with 2017 inspection and HVAC unit. Buildings are approximately 75% LED lighting.Superintendent space currently used by owner but could be leased out or rented in addition to NOI. Listing information includes a combination of both properties.
Realty Executives Local Group Inc., Brokerage
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