Courtesy of: Dilipkumar (DN) Patel, Salesperson, RE/MAX Blue Chip Realty
Courtesy of: Dilipkumar (DN) Patel, Salesperson, RE/MAX Blue Chip Realty
$379,000
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Multi-family
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$379,000
10 Pearl AVENUE Excellent investment opportunity to own a well-maintained multi-family property located approximately 20 km from Melville. This wheelchair-accessible building offers approximately 5, 500 sq. ft. of living space on a large 140 x 150 ft. lot and features 7 rental suites, including four 1-bedroom units, two 2-bedroom units, and one bachelor suite. All units are in good condition and offer comfortable living in a quiet community setting. Property features include a spacious common area, shared laundry, private patio space for each unit, nicely maintained green space, and 6 electrified parking stalls at the front of the property. Approximate gross rental income is $68, 400/year with estimated operating expenses of $29, 000/year, resulting in an approximate NOI of $39, 400/year. All measurements and projections are approximate and should be verified by interested parties. (id:203)