For Sale $1,750,000 21 River Street, Parry Sound, ON P2A 2T7 24 Beds Remarks Cash Cow Opportunity! Well Maintained & Recently Renovated 23 Unit Rooming House Located In The Heart Of Beautiful Parry Sound. Lots Of Upside Potential To Increase Rents To Market Rates & Add Additional Units. On-Site Coin Operated Laundry Facility. Great Location With Large Lot And Lots Of On-Site Parking. 20/23 Units Currently Vacant So Rents Can Be Set At Market Rates. Projected Year 1 Cap Rate Of 8.42%. Request Full Sales Package For More Details & Financials. Inclusions: Other Property Summary Lot Frontage: 66.00 Feet Lot Depth: 164 Feet No. of Parking Spaces: 10 Floor Space (approx): 4582 Square Feet Bedrooms: 24 Zoning: R2
Property Features: Basement: Full , Finished Construction Materials: Vinyl Siding Cooling: None Exterior Features: Controlled Entry , Privacy , Private Entrance Heating: Baseboard Acres Range: < 0.5 Driveway Parking: Private Drive Double Wide Laundry Features: Coin Operated , Common Area Lot Features: Urban , Hospital , Schools , Shopping Nearby , Trails Roof: Asphalt Shing , Metal Security Features: Other Sewer: Sewer (Municipal) View: River Waterfront Features: River/Stream Water Source: Municipal