20 Miller Street, Parry Sound, Ontario P2A 1S8

Listed for:
$2,200,000
17 beds
8 baths
Listed 13 days ago
20 Miller Street, Parry Sound, Ontario P2A 1S8

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Listing provided by:
Maven Commercial Real Estate Brokerage
MLS® number:
40559885
Agent:
Stephanie Maye
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About

From ON 400 - Take exit 220 toward Hunter Dr, Turn right onto Hunter Dr, Turn right onto Oastler Park Dr/ON 7241, Turn left onto Bowes St, Continue onto Seguin St, Turn right onto Miller St, Destination will be on the left. Experience ease of management with ample basement space designated for storage or a superintendent's workshop, complemented by an external shed for snow or landscaping tools. The property has undergone a series of recent upgrades: a new roof, modernized kitchens in most units, vinyl plank flooring, and an upgrade to ABS plumbing. Operating at a 6.11% cap rate, many of the units are paying market rents and vacancies have shown to be filled quickly. The rents are 23.7% below market value and that means lots of upside potential. Experience immediate returns in this turn-key residential investment. Financials available upon submitting a confidentiality agreement (See Attachment Section). (id:27476)

Property Highlights

Type
Cooling type
None
Heating fuel
Natural gas
Fireplace
No
Construction material
Brick
Parking space
9
Ownership Type
Freehold
Amenities nearby

Location