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47 Russell Street

$ 1,545,000
47 Russell Street,
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16 Unit Apartment Building for Sale on Russell Street. Solid concrete constructions with masonry brick exterior. Property consists of 8×1 Bedroom Suites and 8×2 Bedroom Suites. All apartments are self-contained and separately metered for hydro/heat. Large windows and above-average suite sizes throughout. Nine upper units feature balconies. Common laundry and ample parking on site with potential to increase revenue. Professionally managed, and located in a high demand residential area, walking distance to downtown Kingston, Queen’s University, Grocery Stores, schools and Kingston’s waterfront. Property represents a rare value-add investment due to current below-market rent structures and operational upside opportunity, offering significant upside in projected yearly NOI.

PROPERTY HAS SOLD

Address: 47 Russell Street
City:
Zip: K7K 2E6
Country: Canada
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Website ID: 25792
Price: $ 1,545,000
MLS: K20004234
Parking: 10-12 Spaces
Zoning: A
Realty Taxes: $25,244.08 (2019)
walkscore48 / Car-Dependent more details here

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