Ross St

36 Bedroom Real Estate has been listed for sale at 412 Ross St in Lucknow for $3,499,000. Chat with a local expert, book a tour.

Lucknow

412 Ross St

412 Ross St, For Sale in Lucknow - eXp Commercial Brokerage

This 20-unit townhouse-style complex is spread over 2.9 acres with strong income and significant upside. Current NOI exceeds $164K with multiple units recently turned and leased at $1, 400$1, 500/month. Older units still average under $800/month, providing substantial mark-to-market potential. Tenants pay their own hydro and the site includes income from storage rentals. Ideal for long-term investors seeking scale, low turnover, and a clear path to increased yield through repositioning. Financials available. Buyer to do own due diligence. (id:58753)

Incredible Investment Opportunity, This Exceptional Turn Key Operation Features 3 Buildings Consisting Of 20 Individual Dwellings, 16 X 2 Bedroom & 4 X 1 Bedroom, Along With 12 Individual Storage Units. This Rare Find Includes It’s Own Laundry Facility, Maintenance Shed, And Has The Space For Future Development Opportunity. All Units Provide Great Accessibility With Main Floor Exterior Access Into Each Individual Unit, Attracting Long Term Residents And Carefree Accommodations. These All Brick, Asphalt Shingled Buildings Are Ideal For The Investor Looking To Keep Maintenance And Repair Costs Low. With Lack Of Supply In The Area, Demand For Residential Housing Is Going To Continue To Increase Market Rent. Opportunity To Increase Revenue On Tenant Turnover And By Adding Pay Per Use Laundry. This Aesthetically Pleasing Apartment Complex Is Sure To Impress!

20 Units plus 12 storage units with Net Operating Income of 214,973.33. This outstanding turnkey operation comprises three buildings, featuring a total of 20 individual dwellings, including 16 two-bedroom units and 4 one-bedroom units. Additionally, there are 12 individual storage units available. What sets this property apart is its inclusion of a dedicated laundry facility and maintenance shed, as well as ample space and approval for future development possibilities of 16 more units!  All units are designed for convenience, offering main floor exterior access to each dwelling. This design not only attracts long-term residents but also provides a hassle-free living experience. The buildings are constructed with sturdy all-brick exteriors and durable asphalt shingled roofs, making them an ideal choice for investors seeking to minimize maintenance and repair costs.  There is also a promising opportunity to increase revenue through tenant turnover and by introducing pay-per-use laundry facilities. This aesthetically pleasing apartment complex is certain to leave a lasting impression on potential investors. (id:15898)

20 Units plus 12 storage units with Net Operating Income of 214,973.33. This outstanding turnkey operation comprises three buildings, featuring a total of 20 individual dwellings, including 16 two-bedroom units and 4 one-bedroom units. Additionally, there are 12 individual storage units available. What sets this property apart is its inclusion of a dedicated laundry facility and maintenance shed, as well as ample space and approval for future development possibilities of 16 more units! All units are designed for convenience, offering main floor exterior access to each dwelling. This design not only attracts long-term residents but also provides a hassle-free living experience. The buildings are constructed with sturdy all-brick exteriors and durable asphalt shingled roofs, making them an ideal choice for investors seeking to minimize maintenance and repair costs. There is also a promising opportunity to increase revenue through tenant turnover and by introducing pay-per-use laundry facilities. This aesthetically pleasing apartment complex is certain to leave a lasting impression on potential investors. (id:15898)

20 Units plus 12 storage units with Net Operating Income of 214, 973.33. This outstanding turnkey operation comprises three buildings, featuring a total of 20 individual dwellings, including 16 two-bedroom units and 4 one-bedroom units. Additionally, there are 12 individual storage units available. What sets this property apart is its inclusion of a dedicated laundry facility and maintenance shed, as well as ample space and approval for future development possibilities of 16 more units! All units are designed for convenience, offering main floor exterior access to each dwelling. This design not only attracts long-term residents but also provides a hassle-free living experience. The buildings are constructed with sturdy all-brick exteriors and durable asphalt shingled roofs, making them an ideal choice for investors seeking to minimize maintenance and repair costs. There is also a promising opportunity to increase revenue through tenant turnover and by introducing pay-per-use laundry facilities. This aesthetically pleasing apartment complex is certain to leave a lasting impression on potential investors.

412 Ross St, Lucknow, ON

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