I have listed a new property at 959 Balmoral RD in VICTORIA.
I have never seen a cleaner rooming house! Currently operated as "Balmoral Rooms," this 15 unit revenue property was originally constructed in 1902, but underwent a top to bottom renovation in 2004/2005 as a result of a fire and was brought up to code with permits. The updates included new windows, drywall, insulation, roof, flooring, commercial fire system, wiring, plumbing, bathrooms, kitchen, etc (nothing left to do!). Grossing over $80,000 with upside as several of the rooms are under market rents. There is presently a well organized and affordable property manager in place to provide the new owner with a turn key, low maintenance revenue property, or take it on yourself and increase your net! Area Estimated...Buyer to verify.