15
$3,500,000 Sale
Listed 181 days ago
50 CENTRAL AVENUE W
· 0
· 0.0
· 0
· 26932
Key Facts
Key facts for 50 CENTRAL AVENUE W
Property Type
Apartment
Parking
Garage: No, 0 parking
MLS #
X12996878
Size
26932 sqft
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
Rare chance to acquire a 24-unit Brockville multifamily asset offering immediate scale, stable in-place cash flow, and exceptional long-term upside at a 5.0% cap rate. The property features minimal landlord utility exposure with 24 hydro meters and 24 water meters, with nearly all tenants paying the...ir own utilities. Major capital work has already been completed, including the 2022 roof, updated boiler system with new controls, backup boiler, and renovated suites with in-suite laundry. The true story here is the remarkable 61.6% gap-to-market rents, creating a clear path to substantial NOI growth and long-term equity appreciation in a strong Brockville location just off Highway 401. Please note all measurements, lot sizes and building sizes in the listing are approximate and are to be confirmed by the Buyer. (id:10452)
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Listing courtesy of: EXP REALTY
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