535 545 Russell Road, Clarencerockland

  • Added: 69 days ago
  • Updated: 11 hours ago
  • Last Checked: 3 hours ago
Solid investment opportunity for the savvy investor! Priced at 6.4 cap with present-day NOI (current appraisal on file). Room to grow top line revenue on turnover (14 of 20 units remain rented under market rates). Consists of 2 buildings each with 10 units (7 x 2-bedrooms and 3 x 1-bedrooms) for a total of 20 units. Individual units registered as condos (but not operated as such), which opens interesting options for future exit strategies for the experienced investor. All units are individually metered for both heat (natural gas), hydro and equipped with A/C units. Low maintenance units with ceramic and laminate flooring throughout. Interior storage units available for each unit and plenty of parking. Built in 2015. Meticulously managed property by owner operators with pride of ownership. (id:1945)
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Property DetailsKey information about 535 545 Russell Road

  • Cooling: Central air conditioning
  • Heating: Hot water radiator heat, Natural gas
  • Structure Type: Multi-Family
  • Exterior Features: Stone, Vinyl siding
  • Foundation Details: Concrete

Interior FeaturesDiscover the interior design and amenities

  • Basement: Finished, Full

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 535 545 Russell Road

  • Water Source: Municipal water
  • Parking Total: 40
  • Lot Size Dimensions: Unit=255.63 x 254.84 FT ; 0

Location & CommunityUnderstand the neighborhood and community

  • Directions: Take Russell Road East until you reach the village of Cheney

Tax & Legal InformationGet tax and legal details applicable to 535 545 Russell Road

  • Tax Annual Amount: 42675
  • Zoning Description: RV2-10
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Nearby Listings Stat

Active listings
5
Min Price
$994,900
Max Price
$4,500,000
Avg Price
$1,778,580
Days on Market
99 days
Sold listings
1
Min Sold Price
$549,900
Max Sold Price
$549,900
Avg Sold Price
$549,900
Days until Sold
41 days

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More Details?
  • Marcia Nash
  • RE/MAX DELTA REALTY TEAM
  • 613-913-6577

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