Property Description for 476 9TH Avenue
Here’s an outstanding opportunity to enhance your investment portfolio with a prime 33-unit apartment complex located in the vibrant heart of Hanover, Ontario. This well-situated property is less than a block from downtown, providing easy access to shopping, grocery stores, pharmacies, and all essential amenities. The complex consists of four impeccably maintained buildings spread across two separate roll numbers. The main building offers 20 units, while a secondary building provides 8 units. Additionally, the property includes a quaint 2-bedroom bungalow and a converted house with 4 units. Currently, the complex delivers a solid return of over 6%, with significant upside potential as tenant turnover creates opportunities for increased revenue. Don’t miss out on this remarkable investment opportunity. (id:38686)
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Property Details
Property Tax
: $38,013MLS® #
: 40643200
Home Features
Property Type
: MultiFamilySquare Footage
: 14,111 SQFTSubdivision
: Hanover
Interior Features
Heating
: Baseboard heaters, ElectricBasement
: Unfinished, Partial
Utilities
Sewer
: Municipal sewage system
Other
Exterior Features
: Steel, Brick, Aluminum siding
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