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$2,200,000

26 unit Apartment Building 7 1/4% cap rate with easy potential for 8 3/4%

Posted by Corey (5 items)

Welcome To Southside Apartments! Located in Moose Jaw, SK. This excellent multi-family is a great investment opportunity. The building has live in manager and LOW VACCANCY RATE. There are also 27 plug in parking stalls adjacent to the building. There are 3 bachelor units, 18 one bedroom units, and 5 two bedroom units. Well kept no nonsense building in older quiet side of town. There is room for rent increases and also if you like to charge for parking $30-$50 a month on the 27 stalls which is area average, that left on table plus an already 7 1/4% cap which would easily give you a Cap Rate of 8 3/4%. Absolutely turn key project.

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