231 Melrose St
$3,699,900/ For Sale
Details | 231 Melrose St
Don't Miss Out On The Incredible Opportunity To Own This Purpose-Built Legal Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom, 3 1-Bedroom Units. These 15 Bedrooms In Total Have A Potential Of Producing Approximately $268,800 In Gross Annual Earnings, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Up-side On Tenant Turnover That Would Account For About 5.7% Of Return On The Investment Plus A Building Ownership! The Units Are Updated And Bright, Very Clean & Easy To Rent. Very Well Managed Building With Great Tenants, In A Perfect Location, Near GO Station, Amenities, The Lake And The Gardiner ExpressWay.
9 Parking Spots, 2 Balconies, 9 Individual Meters, Tenants Pay Their Own Hydro, Except Unit 1A, VTB Mortgage Available.
Room Details:
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