$2,585,000
104 Cannifton RD Belleville, ON K8N 4V3
20
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$2,585,000
Est. payment /mo
9 BD
16 BA
Active
104 Cannifton RD Belleville, ON K8N 4V3
UPDATED:
07/08/2024 08:14 PM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
MLS Listing ID X9018319
Style Other
Bedrooms 9
Annual Tax Amount $33,271
Tax Year 2023
Property Description
16-unit apartment building for sale listed at a 5.9% cap rate. The property is well located in close proximity to Belleville's downtown and has easy highway 401 access. Some apartments have been renovated on unit turnover and building common areas updated. The building's rent roll has close to 30% in upside to market rents. Current annual net operating income is $150,779 per year with future upside in rents still to capture. Environmental Opinion Letter regarding the sites environmental condition is available.
Location
Province ON
County Hastings
Rooms
Family Room No
Basement Finished, Full
Kitchen 9
Interior
Interior Features Separate Heating Controls, Separate Hydro Meter
Cooling None
Inclusions 16 x fridges, 16 x stoves
Exterior
Garage Available
Garage Spaces 16.0
Pool None
Roof Type Asphalt Shingle
Parking Type None
Total Parking Spaces 16
Building
Foundation Concrete Block
Listed by Rogers & Trainor Commercial Realty
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