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42A HURON STREET
Deep River, Ontario K0J1P0

$1,999,999

ID# 1388628

ABOUT THIS PROPERTY

INCREDIBLE OPPORTUNITY!! Take advantage of the huge demand and shortage of rentals with this RARE all brick, 23 Unit nestled in the booming beautiful town of Deep River close to the shores of the Mighty Ottawa River. This safe, quiet, friendly and vibrant community is known for a great place to retire and is on the doorsteps of major employers like the expanding CNL Labs and Garrison Petawawa with many amenities. Offering all 2 Bedroom Units priced at only $87,000 per unit! This building has the potential to gross over $300k at market rents and offer an 8% cap rate. Incredible opportunity with massive upside potential and possibly space for another smaller building on the lot. Tons of parking, coin operated laundry, and single storage room on each level. Extremely well-maintained building and excellent tenants (many retired). Mandatory 48 hr. irrev. on all offers. New Roof (2017). VERY CLEAN, WELL MAINTAINED BUILDING! Price is FIRM, Replacement cost over $7,500,000! (id:25961)

PROPERTY DETAILS

Heating Type Baseboard heaters
Heating Fuel Electric
Stories Total 2

Property Type

Multi-family
Courtesy of ROYAL LEPAGE EDMONDS & ASSOCIATES
Listed on: April 26, 2024

On market: 12 days

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