123 Williams Ave. Killarney | $835,000
This 22 suite, one storey, apartment building of frame/masonry construction was built in 1957. It has been renovated in 1998 to an assisted living home. Suites consist of 2 bachelor, 15 single one bedroom, 4 double one bedroom and 1 managers suite. Tenants are provided with 3 meals daily in the dining room and weekly housekeeping in their monthly rental fee. Tenants are responsible for their own cable, telephone and laundry. There are two laundry rooms with coin operated washers and dryers in the building. Heat for each suite is provided by electrical baseboard heaters. The balance of the building is serviced with natural gas forced air heating and cooling. Average annual gross income for the past 3 years is $296,000. Nominal adjusted cash flow is $72,000/year.
Agent: Ted Temple