Well maintained 11-unit (5 X 1 .5, 5 x 2.5, 1 X 3.5) revenue property in charming town of Bedford, provides 48,889 sqft of land. Available for the first time in 47 years under the same family ownership. Every apartment includes a balcony, one outdoor parking, and interior storage room space. Optimize additional revenue with possibility to convert spacious shed into a garage including opportunity to build duplex adjacent to building. Don't let this outstanding investment with limitless possibilities slip away.
65'3" X 54'9" Irregular
1954
Aluminum , PVC
Wood , Guillotine , Casement
Poured concrete , Stone
Brick , Vinyl
Asphalt and gravel
Wood
This property offers you optimization possibilities on several levels:
[] Heating: These costs seem too high and could be reduced quickly or the system could be converted to electricity. Note that each apartment already has its own meter and electrical panel. It could be easy to install electric baseboard heaters in every apartment. Another option would be to transfer the boiler to electricity from oil and the share the heating cost amongst the tenants.
[] Insurance costs would need to be renegotiated
[] The current lot can be minimally subdivided into 2 lots, (possibility of 3 lots depending on the side margins). The zoning allows the construction of a single family or a duplex per lot.
[] There is currently a building on the back side which is unused and which could become storage space or garages, and which could also be extended.
[] The rents have not been increased and do not represent the current rental value. As an indication, a 3-1/2 heated apartment can be rented for up to $875/month in the area.
A new certificate of location should arrive in the next few days. The roof is dated from 1997 and the windows from 1995. There are 2 oil tanks in the mechanical room. Their manufacturing date could not be determined but they seem to be in very good condition and there is no trace of oil on the floor and no smell.
65'3" X 54'9" Irregular
1954
Aluminum , PVC
Wood , Guillotine , Casement
Poured concrete , Stone
Brick , Vinyl
Asphalt and gravel
Wood
205'9" X 208' Irregular
48,895.06 SF
Wooded
Flat
Asphalt
Driveway : 12
Park , Elementary school
Residential
Hot water
Heating oil
Laundry room , Outside storage , Inside storage
Municipality
Municipality
11 fridges, 11 stoves
Washer and dryer rented with Équipements May-Cal Commercial
My name is MARIE-ANTOINETTE DEL PESCHIO, RE/MAX real estate broker. How may I help you?
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