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Extra, Extra
25
$1,300,000 Sale
Listed 13 hours ago
182 12TH STREET
· 6+2
· 6.0
· 9
· 2500 - 3000
Key Facts
Key facts for 182 12TH STREET
Property Type
Other, Other
Parking
Garage: No, 9 parking
MLS #
X12436997
Size
2500 - 3000 sqft
Basement
Finished, Full (Finished)
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
Maximize your portfolio's potential with this exceptional 6-plex, featuring a strong 6.38% CAP rate with further upside to push the CAP rate above 7.0%. This property has R5 zoning, offering the unique potential for additional unit development. The current configuration includes four one-bedroom and... two two-bedroom units, projecting a robust yearly income of $100,620.00 against low 2024 operating expenses of $17,686.12. A breakdown of these financials can be obtained by your REALTOR. Formerly the Hanover Lutheran Church, the building retains historic charm alongside major modern upgrades, including a 2022 on-demand hot water system (domestic and in-floor heating), siding, an outside stairway, updated appliances, electronic deadbolts, and cosmetic upgrades. With nine parking spaces and a split utility structure (landlord pays water/sewer, tenants pay hydro; main floor and second level units pay gas heat, landlord pays in-floor gas heat in two level units), this is a turn-key investment. (id:10452)
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Listing courtesy of: Royal LePage RCR Realty
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