Pride of ownership is evident in this pristine 8-unit apartment building, ideally located in the mature Riverside area. Featuring a solid revenue mix of 6 two-bedroom units and 2 one-bedroom units, this property offers both stability and strong tenant appeal.2 units have been tastefully updated with modern vinyl plank flooring, along with renovated kitchens and bathrooms. The building also benefits from newer windows and a durable membrane roof, helping to minimize future maintenance.Additional upgrades include two hot water tanks replaced in 2018. Each unit is equipped with a fridge, stove, and wall-mounted air conditioner, providing convenience and comfort for tenants.The property also includes two coin-operated washers and dryers for added income potential, as well as rear paved parking. Four units feature private balconies, enhancing tenant satisfaction and retention.With long-term tenants already in place and a location just steps from downtown, restaurants, and amenities, this is a turnkey investment opportunity you won’t want to miss. (id:51989)
Features of 112 1 Street Ne
- MLS® Number A2300316
- Price $899,900
- Square Footage: 3498 sqft
- Property Type: Multi-Family
- Community Name: Riverside
- Parking Space Total 8
- Plan 3204m
Buildings
| Constructed Date | 1968 | Cooling Type | See Remarks |
| Size Exterior | 3498 Sqft | Size Interior | 3498 Sqft |
| Total Finished Area | 3498 Sqft | Type | Multi-family |
Land
| Acreage | No | Size Depth | 36.57 M |
| Size Frontage | 22.86 M | Size Irregular | 9000.00 |
| Size Total | 9000 Sqft|7,251 - 10,889 Sqft | Size Total Text | 9000 Sqft|7,251 - 10,889 Sqft |
| Zoning Description | R-md |
Agents and Offices
- PATRICE MORRISON
- JAY JOHNSON
- Office: River Street Real Estate