20-28 CARRAWAY CRESCENT new

South Dundas,ON K0C1X0

$ 940000

- Bed

- Bath

5490 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,490 sqft

Price per Sqft $171

Subdivision 701 - Morrisburg

MLS Listing ID X12259134

Source Cornwall & District Real Estate Board

Property Description

RESIDENTIAL 5-PLEX with below market rents creating lots of potential upside for the patient investor. Each of the 5 townhomes have a separate PIN identifications (see Document section) with the required R-Plan legal survey, but the Estate's listing condition(s) state that the property will only be sold as a block of 5-three bedroom residential units; the buyer/investor must assume all tenants; the Estate will not serve any Notices on behalf of a buyer under any circumstance under RTA; once the potential buyer has reviewed the I/E statement provided by the Estate it will be possible to inspect just one of the townhomes (all units have same typical layouts); and finally once a conditional offer is accepted by the Estate all units will be made available for inspection provided the RTA guidelines are respected for additional showings. The estimated net cash flow for the 5 units before any debt service or depreciation in 2024 is estimated to be approximately $20,700 based on current rents and expenses (see your agent for further details). Seller requires "As Is" SPIS signed & submitted with all offer(s) and requires 3 full business days irrevocable to review any/all offer(s). (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Baseboard heaters

Exterior

Parking Features No

View Y/N No

Private Pool No

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