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61-71 Sullivan Crescent Arnprior, Ontario K7S 2Y2

Forced Air

$4,500,000

Two 12-unit buildings side by side with separate titles. 18 units of the 24 were extensively renovated, with new lighting, flooring, appliances, kitchens, and bathrooms to create quality units to attract quality tenants. Many capital improvements have been done since 2018, including membrane flat roof, windows and much more. The property shows extremely well and is always fully rented. Rental and operational upside provides the ability to increase income by an estimated $70k+ per year. The buildings consist of a mix of, one and primarily two-bedroom units that are very conducive to the Arnprior market. Desirable residential location close to many recreational amenities such as parks, downtown district, and Arnprior mall. The property has an attractive CMHC mortgage that needs to be assumed. This is a great asset for someone looking to buy a multi-fam that still has upside without having to do too much heavy lifting. Buildings to be sold together. (id:39840)

Property Details

MLS® Number 1310107
Property Type Multi-family
Neigbourhood Arnprior
Parking Space Total 24

Building

Constructed Date 1980
Exterior Finish Brick
Foundation Type Poured Concrete
Heating Type Forced Air
Stories Total 3

Land

Acreage No
Size Depth 110 Ft
Size Frontage 246 Ft
Size Irregular 246 Ft X 110 Ft
Size Total Text 246 Ft X 110 Ft
Zoning Description R2-residential Two

https://www.realtor.ca/real-estate/24808704/61-71-sullivan-crescent-arnprior-arnprior

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Kwesi L. Bourne
Broker of Record

(613) 860-3500
www.Kwesilbourne.com
https://www.linkedin.com/in/kwesil/

Synercapital Investment Realty
1376 Bank Street, Suite 500
Ottawa, Ontario K1H 7Y3

(613) 860-3500
(613) 523-2931

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