About Property

Phenomenal 7% Cap Rate, Turnkey 10-unit apartment building presents a rare investment opportunity in a prime location, surrounded by ongoing development and poised for future growth. The property features a diverse unit mix, including 4 one-bedroom, 1 two-bedroom, 3 three-bedroom, and 2 four-bedroom units. Over $235,000 has been invested in extensive capital improvements, including a New Roof & Windows, renovations to 4 units with new plumbing, kitchens, bathrooms, flooring, appliances, and finishes, upgrades to the common areas and outdoor stairwells, installation of new high-efficiency laundry facilities, and stucco restoration and exterior refinishing. Hydro is separately metered, with some tenants paying their own and others having it included in rent. Offering solid cash flow from day one with a strong rental upside, located in a rapidly developing area with excellent long-term growth potential.

Features