Fantastic investment opportunity! Well-positioned 6-UNIT building in a rapidly growing area, offering both steady income and future upside. Four units are currently occupied, two at market rents (renovated) and two with long-term tenants paying below-market rents, leaving room for increased returns. Two fully renovated units with modern finishes are vacant, allowing the new owner to set rents and select tenants. Additional income from coin-operated laundry and rentable on-site parking enhances cash flow. The property sits in a prime redevelopment area where older homes are being replaced with multi-unit projects, driving demand and property values. With a generous lot size and R4UC zoning, there is exciting potential for future development. This is a rare chance to acquire a stabilized asset with strong current income and significant appreciation potential ideal for investors seeking both stability and growth. Come see it today! (id:37351)
MLS® Number | X12383772 |
Property Type | Multi-family |
Community Name | 3502 - Overbrook/Castle Heights |
AmenitiesNearBy | Public Transit, Hospital |
EquipmentType | Water Heater |
ParkingSpaceTotal | 6 |
RentalEquipmentType | Water Heater |
BathroomTotal | 5 |
BedroomsAboveGround | 11 |
BedroomsTotal | 11 |
Appliances | Stove, Refrigerator |
BasementFeatures | Apartment In Basement |
BasementType | N/a |
ExteriorFinish | Brick, Vinyl Siding |
FoundationType | Poured Concrete |
HeatingFuel | Electric |
HeatingType | Baseboard Heaters |
StoriesTotal | 2 |
SizeInterior | 3,500 - 5,000 Ft2 |
Type | Other |
UtilityWater | Municipal Water |
No Garage |
Acreage | No |
LandAmenities | Public Transit, Hospital |
Sewer | Sanitary Sewer |
SizeDepth | 92 Ft |
SizeFrontage | 72 Ft |
SizeIrregular | 72 X 92 Ft |
SizeTotalText | 72 X 92 Ft |
Contact us for more information
Omar Hashem
Broker of Record
(613) 724-6222
Rabieh Nassrallah
Salesperson
(613) 724-6222