$1,049,000 Sale

Listed 32 days ago

117 Vermillion Avenue

MLS® 10400499 Multi Family

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · 8000

Est. mortgage

$3,980/mo

Key Facts

Key facts for 117 Vermillion Avenue

Property Type

Apartment

Parking

Garage: No, 0 parking

MLS #

10400499

Size

8000 sqft

Basement

Crawl space

Listed on

Lot size

Tax

Days on Market

Year Built

1929

Maintenance Fee

Description

AN IMPRESIVE 10%+ CAP RATE INVESTMENT AND DEVELOPMENT OPPERTUNITY in the heart of Princeton! Generating approx. $12,000/month from 9 units, this property delivers strong cash flow with a significant upside. An additional approx. 3000 sq ft of unused space on the second floor provides further income ...potential. Extensive upgrades include new plumbing throughout, updated electrical with 7 individual meters, plus new flooring and paint in most units. Many suites have kitchen and bathroom upgrades as well.The development upside is a huge bonus, initial conceptual drawings have been complete and initial discussions with town have been conducted with huge support. Princeton is a pro development community experiencing major growth, with new builds up to 6 storeys. There is a sever housing shortage and the vacancy rate is below 1%, Princeton is quickly becoming a market for developers and investors. Strong income and incredible future value. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

8000 sqft

Basement

Crawl space

Heating Source

Electric

Heating Type

Baseboard heaters

Full Bathrooms

Half Bathrooms

Flooring Type

Mixed Flooring

Washrooms

0.0

Square Footage

8000 sqft

Basement

Crawl space

Heating Source

Electric

Heating Type

Baseboard heaters

Full Bathrooms

Half Bathrooms

Flooring Type

Mixed Flooring

Exterior

Acreage

0.25 ac|under 1 acre

Parking Spaces

Garage Spaces Y/N

Roof Material

Other

Land Amenities

Park, Shopping

Acreage

0.25 ac|under 1 acre

Parking Spaces

Garage Spaces Y/N

Roof Material

Other

Land Amenities

Park, Shopping

Building Description

Home Type

Apartment

Subtype

Multi Family

Year Built

1929

Exterior

Other

Sewers

Municipal sewage system

Water Supply

Municipal water

Home Type

Apartment

Subtype

Multi Family

Year Built

1929

Exterior

Other

Sewers

Municipal sewage system

Water Supply

Municipal water

Community

Princeton

Area Code

Princeton

Features

Pets Allowed With Restrictions

Community

Princeton

Area Code

Princeton

Features

Pets Allowed With Restrictions

Other

Pets

Yes

Pets

Yes

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Michael Greenwood

Email: [email protected] Cell: 250-255-4003