About 117 Vermillion Avenue
AN IMPRESIVE 10%+ CAP RATE INVESTMENT AND DEVELOPMENT OPPERTUNITY in the heart of Princeton! Generating approx. $12,000/month from 9 units, this property delivers strong cash flow with a significant upside. An additional approx. 3000 sq ft of unused space on the second floor provides further income potential. Extensive upgrades include new plumbing throughout, updated electrical with 7 individual meters, plus new flooring and paint in most units. Many suites have kitchen and bathroom upgrades as well.The development upside is a huge bonus, initial conceptual drawings have been complete and initial discussions with town have been conducted with huge support. Princeton is a pro development community experiencing major growth, with new builds up to 6 storeys. There is a sever housing shortage and the vacancy rate is below 1%, Princeton is quickly becoming a market for developers and investors. Strong income and incredible future value. (id:6289)
Amenities of 117 Vermillion Avenue
| Features |
Two Balconies
|
| Parking |
Rear, Street
|
| Garages |
Rear, Street
|
| Is Waterfront |
No
|
| Has Pool |
No
|
Interior of 117 Vermillion Avenue
| Appliances |
Oven - Electric, Oven, Hood Fan, Washer & Dryer
|
| Heating |
Baseboard heaters, Electric
|
| Fireplace |
No
|
| # of Stories |
2
|
| Has Basement |
No
|
| Basement |
Crawl space
|
Exterior of 117 Vermillion Avenue
| Exterior |
Other
|
| Lot Description |
0.25
|
| Roof |
Other, Unknown
|
Map To 117 Vermillion Avenue, Princeton
