Development Opportunity for Sale-BRRRR

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Featured

Development Opportunity for Sale-BRRRR

For Sale $ 3,200,000
LOCATION: Ontario Canada
CATEGORY: Commercial Real Estate
INDUSTRY: Apartment Buildings for Sale | Commercial Buildings for Sale or Lease | Commercial Spaces for Sale or Lease | Industrial Buildings for Sale or Lease | Industrial Units for Sale or Rent
LISTING TYPE: Apartment Buildings for Sale | Income Properties for Sale | Income Properties for Sale | Income Properties for Sale | Income Properties for Sale | Income Properties for Sale | Multi Family Homes for Sale

There is a 20 room existing motel with 1 commercial on main floor(previously restaurant),1 office and 1 house with 3 apartments in it

This got complete renovation 5 years back and in very good condition,We are converting this motel to 23 unit apartment complex

City is principally ready to do this and supporting us in

Once it's converted into an apartment we are planning to go to the bank or CMHC for an affordable housing plan.

After apartment conversion the market value should be arould 4.7M(We are planning to have appraisal for as is and as build status to support our claim)

Total Equity Required 1.5M

Equity Payback 6M to 1 Year

Team RINE Salesperson Team RINE

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Team RINE

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