23 Moffat Street Morewood, MorewoodListing ID: 20427641

  • $1,250,000
This converted school is a great investment opportunity. Money and time has been spent on this property to get the building and apartment in tip top shape. 2018 NOI indicates the last major expenditures which need to be spent. The property currently consists of 12 units (10 X 1 bedroom and 2 bachelors) and there is further expansion potential in the former gym area. This apartment has been retrofitted with updated septic, well water supply and treatment, an alarm system, a new heating system, and a recent roof. There are 2 laundry locations, one on each floor and each unit has been fitted with wider doors to accommodate universal accessibility. 10 of the apartments have electric fireplaces. (id:13705)

Building Details

  • Constructed Date:1936
  • ExteriorFinish:Brick
  • Fireplace:False
  • Foundation:Block
  • Heating Fuel:Natural gas, Electric
  • Heating Type:Forced air, Other
  • Stories:2
  • Water:Drilled Well

    Property Details

    • Property Type:Multi-family
    • Transaction Type:For sale
    • Zoning Description:R2-1(with exception)

    Land Details

    • Lot Size:* ft X * ft
    • Sewer:Septic System

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      Agents

      John Carkner

      Salesperson

      Sue Barnes

      Broker

      ROYAL LEPAGE TEAM REALTY