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21 River Street Parry Sound, Ontario P2A 2T7

24 Bedroom 7 Bathroom 4582
None Baseboard Heaters

$1,750,000

Cash Cow Opportunity! Well Maintained & Recently Renovated 23 Unit Rooming House Located In The Heart Of Beautiful Parry Sound. Lots Of Upside Potential To Increase Rents To Market Rates & Add Additional Units. On-Site Coin Operated Laundry Facility. Great Location With Large Lot And Lots Of On-Site Parking. 20/23 Units Currently Vacant So Rents Can Be Set At Market Rates. Projected Year 1 Cap Rate Of 8.42%. Request Full Sales Package For More Details & Financials. (id:43448)

Property Details

MLS® Number 40392216
Property Type Multi-family
Amenities Near By Hospital, Schools, Shopping
Equipment Type Other
Features Laundry- Coin Operated
Parking Space Total 10
Rental Equipment Type Other

Building

Bathroom Total 7
Bedrooms Total 24
Basement Development Finished
Basement Type Full (finished)
Cooling Type None
Exterior Finish Vinyl Siding
Fire Protection Unknown
Foundation Type Stone
Heating Type Baseboard Heaters
Stories Total 3
Size Interior 4582
Utility Water Municipal Water

Land

Acreage No
Land Amenities Hospital, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 164 Ft
Size Frontage 66 Ft
Size Total Text Under 1/2 Acre
Zoning Description R2

https://www.realtor.ca/real-estate/25397402/21-river-street-parry-sound

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