COUNTY RD 34 BETWEEN ESSEX AND NORTH RIDGE (MALDEN RD AND CAMERON SIDE RD W) This is an investor's dream! This unique 5-unit investment property checks all the boxes. It's completely updated, totally turnkey, low maintenance & already producing excellent cash flow with a strong, high-calibre tenant profile, plus the seller is open to a vendor take back mortgage. Situated on 1.1+ acres, this fully occupied property offers a smart mix of 1 x 2BR unit + 4 studio units, ideal for mid-to-long-term rentals. A massive 2024 renovation transformed the property from top to bottom, including brand new electrical, plumbing, waterproofing, framing, drywall, HVAC, roof, windows, siding & an oversized septic system, giving investors peace of mind with major capital improvements already completed. On-site laundry adds convenience for tenants & another practical feature. SHORT TERM VACATION RENTAL ELIGIBILITY: The Town has confirmed this property is most likely eligible for Short Term Vacation Rental use, opening the door to nightly & weekly vacation rental income across all five units, or a hybrid model pairing long-term tenancies with seasonal short-term bookings. There may also be potential for the addition of further units for an investor looking to maximize the site. (Buyer to verify STVR licensing, zoning & all permitted uses.) Turnkey, cash flowing, extensively renovated & designed for easy ownership, plus the Seller is willing to consider a VTB mortgage for a well-qualified Buyer. Opportunities like this are hard to find! Reach out today for complete income & expense information and to discuss adding this exceptional property to your portfolio. (id:27476)
