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Eliza Street 191 Eliza St

6 Unit Apartment Building $550,206 USD ($91,701 USD/Unit) 4.45% Cap Rate Prescott, ON K0E 1T0

Executive Summary

At minimum 24 hours notice is a MUST for all showing. Rents are low, as there have been long term tenants residing there. ALL tenants are neat, & pay on time. NO tenant issues and all pay on time, they are all month to month. Tenants pay all their own utilities. No equipment rentals. Property has little to no maintenance fees, as tenants look after their own shoveling and lawn maintenance. Please see Documents section for Feature Sheet, Income & Expense Statement, and 2 Floor Plans. Garage is empty and could be leased for approximately $300 a month.

Financial Summary (Actual - 2023)

Annual (USD) Annual Per SF (USD)
Gross Rental Income $31,264 $5.21
Other Income - -
Vacancy Loss - -
Effective Gross Income $31,264 $5.21
Taxes $3,590 $0.60
Operating Expenses $3,197 $0.53
Total Expenses $6,787 $1.13
Net Operating Income $24,477 $4.08

Financial Summary (Actual - 2023)

Gross Rental Income (USD)
Annual $31,264
Annual Per SF $5.21
Other Income (USD)
Annual -
Annual Per SF -
Vacancy Loss (USD)
Annual -
Annual Per SF -
Effective Gross Income (USD)
Annual $31,264
Annual Per SF $5.21
Taxes (USD)
Annual $3,590
Annual Per SF $0.60
Operating Expenses (USD)
Annual $3,197
Annual Per SF $0.53
Total Expenses (USD)
Annual $6,787
Annual Per SF $1.13
Net Operating Income (USD)
Annual $24,477
Annual Per SF $4.08

Property Facts

Price $550,206 USD
Price Per Unit $91,701 USD
Sale Type Investment
Cap Rate 4.45%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Size 6,000 SF
Average Occupancy 100%
No. Stories 3
Year Built 1978
Parking Ratio 1.17/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 - -
1+1 2 - -

zoning

Zoning Code Residential
Residential
  • Listing ID: 34007103

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 191 Eliza St, Prescott, ON K0E 1T0

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