+16 more
0
Bedrooms
1.05 ac
Lot
1950
Year Built
About This Property
This 0-bedroom institutional - special purpose in Campbellton offers a 1.05 ac lot. Built in 1950. The property has lot dimensions of 1.05. The home features electric heating.
MLS Remarks
For more information, please click Multimedia button. Income-Producing Property With Permit-Ready Expansion & Flexible Financing. Commercial Appraisal available with as is value at $323,000. Well-positioned income and development opportunity offering immediate cash flow and significant long-term upside. The property comprises approximately 10,600 sq. ft. and currently generates approximately $2,400 per month in rental income, providing stable holding income from day one. Completed building plans and permits are in place for expansion to 15 total units, with an approved zoning variance allowing up to 21 units, offering strong density and redevelopment potential for investors or owner-operators. The property may be eligible for Campbelltons Housing Accelerator Fund, with potential access to up to $280,000 in grant funding. To facilitate a timely transaction, the seller is open to flexible vendor take-back financing for qualified buyers, reducing reliance on traditional lenders and allowing for creative deal structuring. Key features include: Existing stabilized monthly income Permit-ready expansion plans Strong development and density potential Eligibility for municipal funding incentives Flexible financing options available An ideal opportunity for purchasers seeking cash flow today with the ability to unlock additional value over time. Seller motivated and open to structured offers. ?? Contact for additional details, financial information, and photos. (id:60351)
Overview
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