Well-maintained 6-unit investment property located in Morrisburg, featuring five bright 2-bedroom units and one 1-bedroom unit. Each unit offers comfortable living space with functional layouts, appealing to a wide range of tenants. The building includes on-site laundry for added convenience. Situated in a desirable and growing community, this property presents a solid opportunity for investors seeking steady income with long-term potential and upside. The property generates a current gross annual income of $96,433 with a net operating income (NOI) of $72,790 , reflecting a strong cap rate of 6.62%.Please see attachment for detailed rent roll, income, and expense information. (id:49993)
| MLS® Number | X12956576 |
| Property Type | Multi-family |
| Community Name | 701 - Morrisburg |
| Appliances | Dryer, Two Washers |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 8202.09 Sqft |
| Size Interior | 8,202 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 150 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | Bldg=50 X 150 Ft |
| Size Total Text | Bldg=50 X 150 Ft |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/29557478/33-lakeshore-drive-south-dundas-701-morrisburg
(613) 724-6222
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