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  • 30 Frost Street
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30 Frost Street, Red Rock, ON $624,900 

 
17 unit apartment building built in 1982.  3 stories, slab on grade, 1.49 acre lot with a large parking lot with electrical outlets.  Fully rented.  Superintendent living on site.  Coin-op laundry, 12-2 br units, 3-1 br units, 2-3 br units.  Nice quiet residential location nestled nicely at the end of a cul de sac with a magestic mountain in the back.   Most units have updated flooring & paint in the last 5 years, updated flooring & paint in the common areas.  All rents are plus hydro.  Natural gas is in the building - with the hot water tanks being natural gas.  Mansard roof.  Red Rock is one hour east of Thunder Bay that has an international airport, and a short walk away from the shores of Lake Superior!  Red Rock has a marina with low mooring fees!  Great fishing and hunting - nice small town friendly atmosphere.  Great investment!

DISCOVER WHY YOU SHOULD CALL RED ROCK HOME:  CLICK THE YOUTUBE LOGO TO SEE A GREAT VIDEO

 

Wendy Ferris Sales Representative

Presented by:

Wendy Ferris

Sales Representative

624-8452

wendy.ferris@century21.ca

 

 

 

 

Age

1982

Sq Footage

15420 approx.

Apartments

101-$525 (2 bed) 102-$525 (2 bed)

103-$500 (1 bed) 104-$525 (2 bed)

105 ? superintendent suite (2 bed)

201-$400 (2 bed) 202-$500 (2 bed)

203-$425 (1 bed) 204-$525 (2 bed)

205-$475 (2 bed) 206-$575 (3 bed)

301-$450 (2 bed) 302-$550 (2 bed)

303-$475 (1 bed) 304-$550 (2 bed)

305-$475 (2 bed) 306-$550 (3 bed)

Total $8025

 

Financials for 2019

 

Gross Rental Income:

$97,320

  Less:  Insurance

$6,238.40

  Less:  Gas

$1,378.26

  Less:  Hydro

$15,802.95

  Less:  Water

$7,632.29

  Less:  Taxes

$18,296.08

      Total Expenses:

$49,347.98

Net Rental Income:

$47,972.02

 

Basement

Concrete Slab

Garage

Shed

Area

Red Rock

 

Taxes

$18,296.08/2019 approx.

Lot Size

281.66 X Irreg.  1.49 acres

Heat Type

Electric Baseboard

 

Heat Cost

$15,802.95 (hydro cost)

Updates & Extras

most units have updated flooring & paint in last 5 years, common areas have updated flooring & paint, large parking lot with electrical outlets, natural gas hot water tanks, coin-op laundry

                                           

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