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20 Miller Street, Parry Sound

Property Overview - For sale

Price$ 2 200 000On the Market20 days
MLS® #40559885Type
Bedrooms17 BedBathrooms8 Bath
Postal CodeP2A1S8
StreetMILLERTown/AreaParry Sound
Property Sizeunder 1/2 acreBuilding Size5008 ft2

Experience ease of management with ample basement space designated for storage or a superintendent's workshop, complemented by an external shed for snow or landscaping tools. The property has undergone a series of recent upgrades: a new roof, modernized kitchens in most units, vinyl plank flooring, and an upgrade to ABS plumbing. Operating at a 6.11% cap rate, many of the units are paying market rents and vacancies have shown to be filled quickly. The rents are 23.7% below market value and that means lots of upside potential. Experience immediate returns in this turn-key residential investment. Financials available upon submitting a confidentiality agreement (See Attachment Section). (id:20829)

Land Details

Size Totalunder 1/2 acre
Size Frontage97
Size Depth131 ft
Ownership TypeFreehold
SewerMunicipal sewage system
Zoning DescriptionC1 Parry Sound - Zoning By-Laws

Building Details

Stories2
Property TypeMulti-family
Bathrooms Total8
Bedrooms Total17
Cooling TypeNone
Exterior FinishBrick
Foundation TypeBlock
Heating FuelNatural gas
Heating TypeBaseboard heaters
Size Interior5008 ft2
Utility WaterMunicipal water
View Property on Interactive MapDriving Directions (Google Maps)


This listing of a Multi-family property For sale is courtesy of Stephanie Maye from Maven Commercial Real Estate Brokerage