$3,950,802

This well-maintained, 3-building, apartment complex offers a solid investment opportunity. Featuring 2 one-bedroom units and 32 two-bedroom units, each apartment is separately metered with tenants responsible for their own electric heating. The two front buildings are 3-storey structured with 12 units each, while the rear building, constructed in 2011, has 10 units on two levels. With 7 annual leases and 27 term leases, the property boasts a stable and mature tenant base. Located near CFB Greenwood, the largest employer in the region and a popular destination for retired military personnel, the complex enjoys proximity to a variety of commercial amenities and activities. This prime location, combined with the property's excellent condition, makes it an ideal investment in a stable and growing community.

General Info:Listing Sub-Area: Kings County

Property Type: Multi-Family

Multi-Family Type: Over 12 Units

Title To Land: Freehold

Building Dimenions: Irregular

Lot Size: 2.17 acre(s)0.88 hectare(s)

Prop Size: 1 to 2.99 Acres

Commercial / Retail Space: No

# of Rental Units / Occupied: 34

Year built: 1990

(Age: 34)

Age: 34

Additional Info:Exterior Finish: Masonite/Colour Lock, Vinyl

Foundation: Concrete, Slab

Basement: Fully Developed

Floor Finish: Carpet, Tile, Vinyl, Other

Roof: Asphalt Shingle

Heating: Baseboard

Fuel: Electric

Parking: Yes

Parking Description: 51 paved spots

Driveway: Parking Spaces(s), Paved

Water Supply: Drilled Well

Sewer: Municipal

Units:Num Units: 34

Num 1 Bed Units: 2

Num 2 Bed Units: 32

# Of Dishwashers: 10

# Of Dryers: 14

# Of Fridges: 34

# Of Stoves: 34

# Of Washers: 14

Income:Rental Income: Yes

Features: Balcony, Heat/Air Exchange, Laundry

Features Included: 34 stoves, 10 dishwasher, 14 dyers, 14 washer, 34 fridges

Community Features: Golf Course, Park, Playground, Shopping

Appliances Included: Stove, Dishwasher, Dryer, Washer, Refrigerator

Rental Equipment: None

Structures: Shed

Waterfront: No

Other Details:Zoning: R4

Possession Info: Negotiable

School Info:Elementary School: Kingston & District School

High School: West Kings District High School

Middle School: Pine Ridge Middle School

Listing Info:Listed Date: Oct 17, 2024

Days on Mkt:36

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Property
• Year Built: 1990
• Built in 1990
• Home size: 0 ft² / 0 m²
• MLS: 19182-202424824
• Status: Active

Map