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Welcome to 8 Daines Place a few short steps from beautiful downtown historic Perth. This building has 21 units: one - 1 bedroom and 20 - two bedrooms plus a coin-op laundry. Built-in the early 1980s, this property has numerous long-term tenants and is being renovated as tenants leave with five units completely renovated in the past year with two more identified. The current average rent is approximately $1,100/mo with the market rent for the two beds being $1,700, providing an upside potential increase of more than $11k per month! Shingle Roof was replaced in 2017, the owner is in the process of replacing 5 patio doors and 11 windows (others have already been done), and several hot water tanks have also been replaced. The lobby, laundry room, and halls have all been painted, and carpets on the ground floor and main level have been replaced. Tenants pay for electricity, electric heated. *See attached info sheet and rent roll* (id:24093)
Listed by Doug Elderkin and Sam Moussa of RE/MAX ABSOLUTE SAM MOUSSA REALTY

Property Details of 8 Daines Place

Property Details

Utilities and Appliances

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"Based on information submitted to CREA as of December 6, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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