Property Description for 850 CLARENCE Street
Prime Investment Opportunity! With robust rental income and a solid 8% CAP rate, this property is a strong investment option. This exceptional 12-unit income property is situated in a highly sought-after area, conveniently located on a public transportation route and just minutes from both the college and university. The building features a diverse mix of units, including 1 bachelor unit, 6 one-bedroom units, and 5 two-bedroom units, all complemented by ample on-site parking. The surrounding neighborhood offers a full range of amenities, from schools and parks, to restaurants and shopping centers, ensuring a high demand for rentals. The bachelor unit is currently undergoing renovations and will soon be completed, further enhancing the property’s appeal. A comprehensive Buyer's Package is available for qualified buyers upon request. (id:38686)
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Property Details
Property Tax
: $25,424MLS® #
: 40663794
Home Features
Property Type
: MultiFamilySquare Footage
: 9,600 SQFTSubdivision
: West End
Interior Features
Heating
: Natural gasBasement
: Finished, Full
Utilities
Sewer
: Municipal sewage system
Other
Exterior Features
: Brick, Metal
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