61-71 SULLIVAN CRESCENT

Property ID: 1310107

61-71 SULLIVAN CRESCENT

61-71 SULLIVAN CRESCENT

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Description

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:21126)

Property Location

Data Provided by REALTORS® Association of Canadian Real Estate

Last Modified: Tue, 25 Oct 2022 23:11:26 GMT

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