104 CANNIFTON Road, Belleville, ON K8N 4V3

  • $2,585,000
104 CANNIFTON Road, Belleville, ON K8N 4V3
Active
104 CANNIFTON Road, Belleville, ON K8N 4V3
  • $2,585,000

Overview

Property ID: X9410561
  • Commercial Sale, Investment
  • Property Type
  • 3
  • Bedrooms
  • 2
  • Bathrooms
  • 12575
  • Sqft

Description

16-unit apartment building for sale listed at a 5.9% cap rate. The property is well located in close proximity to Belleville’s downtown and has easy highway 401 access. Some apartments have been renovated on unit turnover and building common areas updated. The building’s rent roll has close to 30% in upside to market rents. Current annual net operating income is $150,779 per year with future upside in rents still to capture. Environmental Opinion Letter regarding the sites environmental condition is available.

  • Address 104 CANNIFTON Road
  • City Belleville
  • State/county ON
  • Zip/Postal Code K8N 4V3
  • Country CA

Details

Updated on October 29, 2024 at 7:39 am
  • Property ID: X9410561
  • Price: $2,585,000
  • Property Size: 12575 Sqft
  • Bedrooms: 3
  • Bathrooms: 2
  • Garage Size: x x
  • Property Type: Commercial Sale, Investment
  • Property Status: Active
  • MLS#: X9410561

Additional details

  • Roof: Asphalt Shingle
  • Utilities: Unknown
  • Sewer: Sewer
  • Cooling: None
  • County: Hastings
  • Property Type: Commercial Sale
  • Pool: None
  • Parking: Other

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