FS. 25 Unit Building. Only $595,000 CDN (Price Reduced) Investment or own use. Great Return.

2006-08-27 15:31:28 UTC

"Great Return" = what?
So why is this taking so long to sell? You've been flogging this for
months and months. Since most apartment owners are interested in
nothing but the return on their investment, why not add a cap rate and
explain the expenses and income? Also if you have management already
in place, that would be a plus to mention too. "Property Management"
almost always means lazy people that sit in an office that phone the
most expensive other lazy people to fix whatever is wrong at the
highest possible price. Better to have a competent manager/caretaker
that reports directly to the owner frequently. An owner not on top
of his property, will not be profitable for long.

Post by fred
More photos at http://www.anykindjob.com/building.html
Price: $595,000 Canadian dollars(approx. $530,000 USD). Located in
downtown Smiths Falls, Ontario, Canada. 40 mins to Ottawa. Smiths Falls
is the chocolate capital of East Canada and a popular tourist
destination. The property is in walking distance to all amenities. Over
21,000 square foot interior space. Currently 13 apartments with own
bathroom, kitchen, 1 large commercial tenant (bar & grill), 1
additional commercial space, 1 office and 9 large residential rooms
(share bathrooms and common areas), and numerous storage rooms. Always
well rented. Excellent return. Masonary structure. New roof ($30K) in
Dec 2003. Building was completely fire retrofitted in 2005 (over $80K)
and had numerous improvements. Ground floor 16 feet ceiling, large
windows, wide stairs, mosaic windows, beautiful antique modelings. Full
size full height basement. Advanced alarm system thoughout the
building. Recognized for its architect beauty. Lots of potential. High
resolution color security camera system monitors entire building's
public areas and records views and sounds 24 hours (with $30-40/m can
be seen by absentee owner via Internet). Gas-fired boiler is upgraded
($20K) in 2006. No other works need be done. Property management
company available for absentee owner.
Website and contact info: http://www.anykindjob.com/building.html
[Serious inquiry only. Please use the contact info provided. Do not
reply here.]