Multifamily Portfolio Sale in Smiths Falls, Ontario

36 Chambers Street, Smiths Falls

Multifamily For Sale

For Sale

Description

This Smiths Falls Multifamily Portfolio of:

5-7 Aberdeen Avenue (2 Units)
36 Chambers Street (12 Units)
168 Chambers Street (2 Units)
6-8 Park Avenue (4 Units)
20 Strathcona Street (3 Units)

offers a unique and rare opportunity to acquire a portfolio of multifamily assets in the core of Smiths Falls well below replacement value. The offering features 23 units dispersed over 5 distinct properties within close proximity of each and the downtown core. The properties can be acquired individually, but as a portfolio a purchaser can benefit from stable cash flow with value add potential.

Features

  • Rarely available multifamily portfolio within the town of Smiths Falls
  • 23 units in 5 separate properties
  • 12 unit, 4 unit, 3 unit, and two 2 units
  • Close proximity to the downtown core for ease of management
  • Value add potential with partial renovations completed and materials purchased

Sale Areas

Area Size
5-7 Aberdeen Avenue $179,900 : Two (2) stable large semi-detached dwelling style that are currently fully leased and are rarely vacant situated in an excellent location.
36 Chambers Street $579,900 : Twelve (12) individual units recently renovated and new electrical added with opportunity to add value through laundry and parking charges. Some suites currently undergoing renovation creating value add environment priced into offering.
168 Chambers Street $139,900 : Asset with two (2) fully leased units in an excellent downtown location.
6-8 Park Avenue $240,000 : Four (4) unit fully leased asset that is partially renovated and located in an excellent waterfront area with parking on-site.
20 Strathcona Street $249,000 : Three (3) unit asset currently undergoing renovations and value add opportunity priced into offering through renovation, suite addition and lease up.

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