137-147 Mill Road, Avondale
$775,000
OTHER
MLS ®: 1179328 •  Days Listed: 102
Reduced from $825,000 on 2018-10-10
  • 9218 sqft
  • 20
  • 21
       


Attention investors!!! Did you enjoy playing Monopoly as a kid? Will here is your chance to play as an adult. Buy 3 houses & trade it in for a hotel!!! This is your opportunity. Nestled in the picturesque town of Avondale & just a few minutes drive from the TCH you will find Avondale Mountainview Complex. Built in 2008 as an 8 unit (Four 2 bedroom & Four 1 bedroom apartment complex) then in 2010 demand called for 2 wings (Each wing has two 2 bedroom apartments) for now a total of 12 units (Eight 2 bedrooms & Four 1 bedrooms). Each unit is currently rented as a 55 Plus adult living with a proven track record of success. The 2 bedrooms rent for $600.00 per month POU & the 1 bedrooms rent for $550.00 per month POU for a total monthly income of $7,000.00. This property shows like new & also features a common area room shared amongst the 12 tenants. There is no shortage of parking & the lot is level. Opportunities to purchase a turn key independent living complex are rare... (id:9704)

 

GENERAL DETAILS
• Appliances: Refrigerator
• Ammenities Nearby: Highway, Recreation, Shopping
• Zoning Description: Residentia
• Lot Size: 305x461x365x297
• Ownership Type: Freehold
• Ownership Type: Freehold

BUILDING DETAILS
• Building Type: Other
• Construction Style: Detached
• Bathrooms (Full): 20
• Bathrooms (Partial): 1
• Bedrooms: 20
• Floor Space: 9218 sqft
• Exterior: Vinyl siding
• Flooring: Laminate, Other
• Foundation: Concrete
• Heating Type: Baseboard heaters
• Heating Fuel: Electric
• Utility Sewer: Septic tank
• Water: Municipal water
• Cooling Type: Air exchanger
• Landscape Features: Landscaped


PROPERTY LOCATION
  



Listing courtesy of RE/MAX Realty Specialists Limited

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