Going-in cap rate of 6.1% cap rate + approx 35%+ lift on overall rent roll. An add-value investors ideal next project. 2 buildings, 12-units (7x 1b & 5x bach). Built with durable Concrete/block construction. Laundry on site. 10 parking spots. Located downtown Orillia and 3-minute drive from Hwy 11 and Costco. (id:35544)
| BusinessType | Residential |
| BusinessSubType | Apartments |
| MLS® Number | S12286177 |
| Property Type | Multi-family |
| Community Name | Orillia |
| CoolingType | Partially Air Conditioned |
| HeatingType | Hot Water Radiator Heat |
| SizeInterior | 6000 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 64 Ft |
| SizeFrontage | 95 Ft |
| SizeIrregular | 95 X 64 Ft |
| SizeTotalText | 95 X 64 Ft |
| ZoningDescription | Multi Residential |
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