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$2,075,000 Sale
Listed 108 days ago
3071 Mosley Street
· 15
· 12
· 12
· 10000
Key Facts
Key facts for 3071 Mosley Street
Property Type
Other
Parking
0 garage, Outside/Surface/Open 12 parking
MLS #
40742943
Size
10000 sqft
Basement
None
Listed on
2025-06-18
Lot size
-
Tax
$13,875.49 /yr
Days on Market
109
Year Built
1960
Maintenance Fee
-
Description
EXCLUSIVE 12-UNIT PROPERTY IN A HIGH-DEMAND AREA WITH EXCITING DEVELOPMENT POTENTIAL! Unlock the full potential of this rare investment property in a sought-after location just steps from the water and minutes from the new casino. This former motel has been transformed into a fully tenanted, legal 1...2-plex, offering investors a strong cap rate of 6.75% and multiple value-add angles that make it stand out in today’s market. Zoned for medium-density residential development and situated on a corner lot with 147.3 feet of frontage, this property is adjacent to vacant land earmarked for redevelopment, offering excellent future expansion potential. The generous 0.437-acre site is perfectly positioned for long-term growth and creative redevelopment in an area with rising demand for housing. Inside, the building is configured with 9 one-bedroom and 3 two-bedroom units, all of which are self-contained and have tenant-paid utilities, resulting in low operating costs and minimal landlord management. No common areas = no additional maintenance headaches. Additional highlights: Detailed P&L statement available for qualified buyers, Environmental Phase 1 report (2019) available on request with no known concerns, Ample on-site parking for all tenants and visitors, Fully occupied with reliable cash flow from day one. This is a golden opportunity for investors looking to scale, develop, or simply hold a solid income-producing asset in a high-growth area. With the casino nearby, rezoning already in place, and development buzz surrounding the neighbourhood, this property offers both immediate income and long-term upside. Opportunities like this are rare; don't miss your chance to capitalize!, Directions:Highway 26/Mosley Street, Exclusions:Tenant's Belongings.
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Listing courtesy of: RE/MAX Hallmark Peggy Hill Group Realty Brokerage