Multi-family for sale
575 Evergreen Drive, Port Edward
$599,000
Features
Year Built
1970
Lot Size
14,334 sqft
Gross Property Tax
$1,712.25 /year
Building Type
Low Rise (2-4 storeys), Mul Tenant/MultiPlex (5+)
Zoning
R2
Amenities
Outside Storage, Fenced Yard
Suite Mix Information
8 x 1 ½
Total no. of Units
8
Financial Summary
$5,097
Description
Evergreen Apartments is located in sunny Port Edward, situated on an extensive flat 14,334 sq. ft. lot across from a ballpark and close to a marina. This building features eight 1-bedroom units and a common area for laundry facilities. Each unit is equipped with baseboard heating and has its own hydro meter. The property is generating cash flow, and professional property management is already in place. The gated backyard provides ample parking and storage options. With potential for optimization in the coming years, this building promises long-term value appreciation. Currently, the property is generating rental income of $5,097.87 per month.
MLS® Number C8066956