18 Schemmer BAY, Regina, Saskatchewan, S4R 7Z4 Regina SK CA
Property Details
Bedrooms
1
Bathrooms
1
Neighborhood
City View
Property Type
MultiFamily
Description
Potential to convert 10 1-bedroom units to 2-bedroom units and increase yearly rent by $30,000. See photo #2 of this listing. Fully Rented Multifamily 24 Unit in City View. Well maintained and professionally managed 24-suite investment property featuring recent renovations and upgrades. This property is located on the corner of 9th Avenue North and Schemmer Bay, across the street from Northgate Mall. Excellent access to highways and transit. The suite mix consists of 2 bachelor, 10 one-bedrooms and 12 two-bedrooms suites. An excellent investment opportunity, this 24-suite multifamily building is fully rented. Sitting on 0.7 acre land with 24 electrified parking stalls. 6 fully renovated suites with updated finishes, and 3 unit are partially renovated. Recently replaced boiler, new roof in Dec of 2022, new fire doors in 2022. The budling's fire rating and sound proof are excellent, as it has concrete exterior walls with metal siding, concrete floors. Recent Appraisal shows the market value was $3 million in Dec of 2022. Appraisal , ESA Phase 1, and Property Condition Report, Rent Roll, Proforma NOI are all available upon request for qualified buyers only. Seller is not sure if the wall under steel siding is concrete or wood. It is buyer's responsibility to find out that. Find out more about this property. Request details here
Location
Address
S6H 7Z4, Moose Jaw, Saskatchewan, Canada
City
Moose Jaw
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