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Main Photo: 5 Devinwood Avenue in Brockton: Property for sale : MLS®# X5602973
Photo 1: 5 Devinwood Avenue in Brockton: Property for sale : MLS®# X5602973
Photo 2: 5 Devinwood Avenue in Brockton: Property for sale : MLS®# X5602973
Photo 3: 5 Devinwood Avenue in Brockton: Property for sale : MLS®# X5602973
Photo 4: 5 Devinwood Avenue in Brockton: Property for sale : MLS®# X5602973
Photo 5: 5 Devinwood Avenue in Brockton: Property for sale : MLS®# X5602973
Photo 6: 5 Devinwood Avenue in Brockton: Property for sale : MLS®# X5602973
Photo 7: 5 Devinwood Avenue in Brockton: Property for sale : MLS®# X5602973
Photo 8: 5 Devinwood Avenue in Brockton: Property for sale : MLS®# X5602973
Photo 9: 5 Devinwood Avenue in Brockton: Property for sale : MLS®# X5602973
Photo 10: 5 Devinwood Avenue in Brockton: Property for sale : MLS®# X5602973
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X5602973
31 Unit, New Concrete Luxury, Elevator Equipped Apartment Building. (Construction To Begin This Summer). All Units Are 2 Bedroom, 2 Bath With 5 Appliances. Walkerton Is A High Demand Area For Upscale Units For Business Relocation And Retirement. The Sale Also Includes Approximately 1.6 Acres Of Land. Site Planned For An Additional 31 Unit Building. The Net Income Calculated For The Single 31 Unit Building Is 4.25% Cap Rate. Building The Second 31 Unit Will Increase Cap Rate To Approximately 5%.
Property Type:
Commercial
Commercial Type:
Investment
Approx. Age:
New
Frontage:
296'10¾"
Total Area:
1.6 acre(s)
Office/Apt Area:
12,500 sq. ft.
Zoning:
R3
Heating type:
Gas Forced Air Closd
Garage:
Outside/Surface
Possession Details:
Tbd
Taxes:
$0 / 2022
Assessment:
$- / -
Greenbelt/Conservation
Public
Utilities:
Y
Water supply:
Municipal
Sewer:
Sanitary
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
Yes
Air Conditioning:
Y
Log/Bldg/Unit Code:
Lot
Sprinkler system:
Yes
Type Taxes:
N/A
Category:
Apartment
Freestanding:
Yes
Date Listed:
May 04, 2022
Original Price:
$15,000,000
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Listed by ED LOWE LIMITED, BROKERAGE
Data was last updated May 17, 2022 at 06:55 AM (UTC)