16 Gore St E, Perth MLS Number: X6728208

FULLY OCCUPIED FOURTEEN-UNIT INCOME PROPERTY INCLUDES 3 COMMERCIAL RETAIL UNITS PLUS 11 RESIDENTIAL APARTMENTS. THIS AN INCREDIBLE OPPORTUNIY FOR A VALUE-ADD INVESOTR THAT APPRECIATES UNDERPERFORMING ASSETS AND KNOWS HOW TO MAKE THE NECESSARY RENOVATIONS AND CYCLE OUT TENANTS TO RAISE RENTS TO A MARKET VALUE. RESIDENTIAL RENTS ARE CURRENTLY 50% BELOW MARKET VALUE AND COMMERCIAL RENTS ARE 30% BELOW MARKET VALUE. LOTS OF UPSIDE FOR A SOPHISTICATED INVESTOR WHO WILL ACTUALIZE THE MBEDDE DEQUITY TO INCREASE THE VALUE OF THE PROPERTY BY MORE THAN $2000000. ALL UNITS ARE SEPARATELY METERE DFOR HYDRO. COMMERCIAL TENANTS ALSO PAY FOR HEAT AND WATER. INCLUDES 12 PARKING SPACES. NO ON-SITE LAUNDRY. TWO TANKLESS WATER BOULERS WERE INSTALLED 3 AND 7 YEARS AGO. TWO HOT WATER TANKS SERVICE THE BUILDING & ARE LESS THAN FIVE YEARS OLD.