412 Ross Street Lucknow, ON N0G 2H0
Listing Courtesy of: ITSO / The Agency Real Estate

  412 Ross Street Lucknow, ON N0G 2H0

Active (12 Days)
$3,650,000
36
BED
20
BATH
5,000
SQFT

Description

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.

MLS®:
40564687
Taxes
$35,742
Lot Size
2.9 acres
Type
Multifamily
County
Bruce County

Listed By

Jeff Wybo, The Agency Real Estate
Source
ITSO
Last checked Apr 14 2024 at 10:29 AM EDT
Bathroom Details
Interior Features
  • Other
Lot Information
  • City Lot
  • Ample Parking
Property Features
  • Foundation: Concrete Block
Heating and Cooling
  • Radiant Floor
  • Electric
  • Wall Unit(s)
Exterior Features
  • Roof: Asphalt Shing
Utility Information
  • Sewer: Sewer (Municipal)
Parking
  • Total: 35
Stories
  • 1
Living Area
  • 5,000 sqft
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®
Disclaimer: Listing content protected by copyright and licensed by Information Technology Systems Ontario: Data last updated: 4/14/24 03:29