$4,125,000
3
Storeys
Perth
Neighbourhood
1980
Built in
Welcome to 8 Daines Place a few short steps from beautiful downtown historic Perth. This building has 21 units: one - 1 bedroom and 20 - two bedrooms plus a coin-op laundry. Built-in the early 1980s, this property has numerous long-term tenants and is being renovated as tenants leave with five units completely renovated in the past year with two more identified. The current average rent is approximately $1,100/mo with the market rent for the two beds being $1,700, providing an upside potential increase of more than $11k per month! Shingle Roof was replaced in 2017, the owner is in the process of replacing 5 patio doors and 11 windows (others have already been done), and several hot water tanks have also been replaced. The lobby, laundry room, and halls have all been painted, and carpets on the ground floor and main level have been replaced. Tenants pay for electricity, electric heated. *See attached info sheet and rent roll* (id:21083) Back
MLS #: 1315889
Courtesy of RE/MAX ABSOLUTE SAM MOUSSA REALTY
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Additional Images

Details

Property Type

Multi-family

Neighbourhood

Perth

Built in

1980

Storeys

3
Building

Exterior Finish

Brick

Heating/Cooling

Baseboard heaters
None