12-unit multifamily asset in central Clinton with a strong in-place NOI and clear value-add upside. Currently 75% occupied, with 3 vacant units ready to renovate and lease at market. Rents are below market, allowing for a mark-to-market lift of over 20%. Professionally managed, separately metered, and offering surface parking. Building is well-maintained with select unit renovations already complete. A low-maintenance, high-potential acquisition with immediate room for increased cash flow and long-term hold upside. Financials available. (id:25517)
MLS® Number | X12105724 |
Property Type | Multi-family |
Parking Space Total | 15 |
Bathroom Total | 12 |
Bedrooms Above Ground | 24 |
Bedrooms Total | 24 |
Exterior Finish | Brick |
Foundation Type | Block |
Heating Type | Baseboard Heaters |
Type | Other |
Utility Water | Municipal Water |
No Garage |
Acreage | No |
Sewer | Sanitary Sewer |
Size Depth | 129 Ft |
Size Frontage | 86 Ft |
Size Irregular | 86 X 129 Ft |
Size Total Text | 86 X 129 Ft |
Level | Type | Length | Width | Dimensions |
---|---|---|---|---|
Second Level | Bedroom | 2.43 m | 3.04 m | 2.43 m x 3.04 m |
Third Level | Bedroom | 2.43 m | 3.04 m | 2.43 m x 3.04 m |
https://www.realtor.ca/real-estate/28219106/65-princess-street-w-central-huron
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I’m Daryl Armstrong, a full time Real Estate professional working in St.Thomas-Elgin and Middlesex areas.
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