100 Mill St
Russell, K4R 1B8
FOR SALE
$599,900
Sold
$715,000
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3 + 2
BEDROOMS4
BATHROOMS1 + 1
KITCHENS8 + 5
ROOMSX5518066
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-03-01 | 2022-03-04 | 4 | $599,900 | $715,000 | Sold |
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Property Description
Incredible 5.9% Cap On A 12-Year-Old Multifamily! This Property Features A Full 3-Bed 2.5-Bath Home On The Main & Upper Floor Plus A 2-Bedroom Fully Legal Basement Apartment W/ Separate Entrance & Utilities. Highest-Earning Residential Property To Ever Hit The Market In Russell. Gross Rents $41,940, Net $35,486, Cash Flow $14,628 ($1,219/Mth). Long-Term Cash Flow Is $438,840 Over 30Yrs. Near-Zero Vacancy Rate In Russell. Modern Build Suggests Low Maintenance.
Extras
Rents Are $3,495/Month ($1900 3-Bed, $1595 2-Bed), $41,940 Annually, Happy Tenants. Total Expenses Approx. $6,454. Net $35,486. Cash Flow $1,219 Per Month; $14,628 Annually. Long-Term Cash Flow Is $438,840 Over 30Yrs W/O Rent Increases.
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Property Details
Street
City
Property Type
Duplex, 2-Storey
Lot Size
28' x 99'
Fronting
North
Taxes
$3,544 (2021)
Basement
Apartment
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Mutual
Garage Type
Attached
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