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EXECUTIVE SUMMARY
Seize the opportunity to acquire this fully occupied, single-story apartment building located at 916 E Raleigh Blvd near the US-64 on-ramp. Situated on an almost half acre lot, this 3,653 SF building features seven 1BR/1BA units, all of which underwent beautiful renovations approximately five years ago. Units have through wall HVAC units (window style) that help keeps things simple and maintenance costs low.
This is a rare, stabilized asset offering a seamless transition for investors seeking a turn-key property with Day 1 returns.
Note: All units are occupied, interior photos are from units prior to occupancy
This is a rare, stabilized asset offering a seamless transition for investors seeking a turn-key property with Day 1 returns.
Note: All units are occupied, interior photos are from units prior to occupancy
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PROPERTY FACTS
| Price | $632,445 CAD | Building Class | C |
| Price Per Unit | $90,349 CAD | Lot Size | 0.44 AC |
| Sale Type | Investment | Building Size | 3,653 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1979/2021 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R6 | ||
| Price | $632,445 CAD |
| Price Per Unit | $90,349 CAD |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 3,653 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1979/2021 |
| Opportunity Zone |
Yes |
| Zoning | R6 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $959.09 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 3860-10-3736-00 | Improvements Assessment | $172,390 CAD |
| Land Assessment | $15,274 CAD | Total Assessment | $187,664 CAD |
PROPERTY TAXES
Parcel Number
3860-10-3736-00
Land Assessment
$15,274 CAD
Improvements Assessment
$172,390 CAD
Total Assessment
$187,664 CAD
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916 E Raleigh Blvd
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