55 Willow St - Apartments FOR SALE


Paris, ON N3L 2K8
$1,600,000 CAD
905-308-6328
55 Willow St, Paris, ON for Sale
$1,600,000 CAD
Apartments - FOR SALE
1/12
null | 5.6% Cap Rate

55 Willow St
Paris, ON N3L 2K8


OVERVIEW

Charming 10-Unit Apartment Building built in 1870 offering spacious 1 bedroom apartments with storage lockers and parking for 10+ vehicles. Nestled in one of Paris’ most vibrant neighborhoods, this exceptional building offers a terrific investment opportunity for savvy investors looking to expand your portfolio in a growing city. Original architectural details including high ceilings and stately trimwork is blended with modern updates to demonstrate the elevated market rent the units will garner with some sweat equity. Two suites feature private exterior access and can be considered premium ground floor apartments with proper upgrade. Shared coin operated laundry available on site for additional income. Lots of potential for income growth with further improvements to original condition units. Separate hydro meters. The close proximity to Paris' budding downtown core with restaurants and shopping offers a desirable area to consistently attract quality tenants. Looking for long term potential? A new high density residential development is occurring on neighbouring property to the south with additional low density subdivisions being constructed around Paris. Recent survey and planning report can be provided. Do not go direct to building.

FOR SALE DETAILS

PRICE

$1,600,000 CAD

PRICE/SF

$320 CAD /SF

# OF UNITS

10

PRICE/UNIT

$160,000

CAP RATE

5.6%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1870

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alexandra BorondyRe/Max Escarpment RealtyMore Info
905-308-6328

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Alexandra BorondyRe/Max Escarpment RealtyMore Info
905-308-6328

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.