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:4069)
Address
65 PRINCESS STREET W
List Price
$2,170,000
Property Type
Multi-family
Type of Dwelling
Other
Area
Ontario
Sub-Area
Central Huron
Bedrooms
24
Bathrooms
12
Lot Size
86 x 129 FT Sq. Ft.
MLS® Number
X12105724
Listing Brokerage
PRIME REAL ESTATE BROKERAGE
Postal Code
N0M1L0
